Epstein, the Ultimate Money Launderer

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Contained within the Epstein court filings is a land mine… linking Epstein and JPMorgan to the GFC.
At Bear Sterns Epstein “Pioneered” CDOs…
And, while the bailout was being handed out in 2008, Epstein was texting and emaling the CEOs of JP Morgan and the largest financial institutions on the planet. At one point he brags about pulling in over 44 BILLION in tax payer bailout cash in just two weeks.

… CEO of JP Morgan also brags about the 44 billion dollars in bailout cash, while WAMU goes under, and they buy it up for pennies on the dollar.

At Bear Sterns, Epstein was the president of Liquid Funding Ltd between 2000 and 2007. The company was an early pioneer of CDOs

https://offshoreleaks.icij.org/nodes/82004676

From at least 2000 to 2007, Epstein chaired a company registered in Bermuda called Liquid Funding Ltd. This entity was partially owned by the investment bank Bear Stearns, where Epstein had worked, according to the report.
The bank’s collapse would help set in motion the 2008 financial crisis.

Epstein’s offshore company was loaded up with some of the financial products — like mortgage-backed securities and collateralized loan obligations — that would become synonymous with the financial excesses leading to the financial crisis.
According to the Miami Herald and McClatchy, Liquid Funding had commercial mortgages and investment-grade residential mortgages bundled into complex securities.
“The three main credit rating agencies — Standard & Poor’s, Fitch Ratings and Moody’s Investors Service — all helped Bear Stearns create the securities in a way that would allow the creative product to get a gold-plated AAA rating,” the Miami Herald and McClatchy reported.

Epstein was the president of the company Liquid Funding Ltd. between 2000 and 2007.[64][65] The company was an early pioneer in expanding the kind of debt that could be accepted on repurchase, or the repo market, which involves a lender giving money to a borrower in

Liquid Funding Ltd., which was initially 40 percent owned by the Wall Street investment bank Bear Stearns.”

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Theresa
Theresa
9 months ago

Interesting, seems bankers are shysters.