IPFS News Link • Central Banks/Banking
FED DECLARES JPMORGAN A THREAT TO "THE FINANCIAL STABILITY OF THE UNITED STATES"
• http://nextnewsnetwork.comPam Martens and Russ Martens viaWallStreetOnParade.com by way of ZeroHedge reports, Yesterday the Federal Reserve released a 19-page letter that it and the FDIC had issued to Jamie Dimon, the Chairman and CEO of JPMorgan Chase, on April 12 as a result of its failure to present a credible plan for winding itself down if the bank failed. The letter carried frightening passages and large blocks of redacted material in critical areas, instilling in any careful reader a sense of panic about the U.S. financial system.