By
Luke Brinker from Salon
Investigative journalist
Matt Taibbi returned to Rolling Stone last week with an extensive report on
the case of Alayne Fleischmann, a former JPMorgan Chase diligence manager whose
warnings about high-risk mortgage securities went unheeded in the run-up to the
financial crisis. In the piece, Fleischmann revealed that prior to being laid
off in 2008, she witnessed “massive criminal securities fraud” at the bank, but
the Justice Department ultimately opted for a $13 billion civil settlement with
the bank instead of pursuing criminal charges. On last night’s “All In with
Chris Hayes,” Fleischmann and Taibbi discussed JPMorgan’s conduct, the Justice
Department’s failure to prosecute Wall Street crime, and why the culture of
Wall Street still hasn’t changed.
