In other news, New York Attorney General Eric Schneiderman and Connecticut Attorney General George Jepsen subpoenaed JP Morgan Chase, Barclays, and UBS today in connection with their possible involvement in the LIBOR rate-fixing scandal.
But, I thought Jamie Dimon was clean as a whistle? A beacon of trust that shows Wall Street doesn’t need to be regulated.
It’s time for a FLASHBACK:
Mitt Romney held a fundraiser at Barclays’ London HQ on the eve of the Olympics.
UBS was forced to hand over details of American clients in 2010 after the IRS filed a lawsuit with the Swiss government. UBS account holders were given amnesty in exchange for disclosing their hidden assets. We still don’t know if Mitt Romney took part in that amnesty program.
HSBC was also subpoenaed today. They were recently found to be laundering money for terrorists and drug lords.
They’re all dirty. And as Joe Biden said, Romney wants to “unchain” them.