THE BLOG
11/11/2014 01:48 pm ET Updated Jan 11, 2015

Bank Whistleblower Alayne Fleischmann on How JPMorgan Chase Helped Wreck the Economy

A year ago this month the U.S. Department of Justice announced that the banking giant JPMorgan Chase would avoid criminal charges by agreeing to pay $13 billion to settle claims that it had routinely overstated the quality of mortgages it was selling to investors. But how did the bank avoid prosecution for committing fraud that helped cause the 2008 financial crisis?

Watch this Democracy Now! interview with JPMorgan Chase whistleblower Alayne Fleischmann in her first televised interview discussing how she witnessed "massive criminal securities fraud" in the bank's mortgage operations. She is profiled in Matt Taibbi's new Rolling Stone investigation, "The $9 Billion Witness: Meet the woman JPMorgan Chase paid one of the largest fines in American history to keep from talking." Taibbi also joins the interview.

Click here to watch the full 40-minute interview or read the transcript.