JP Morgan Gets an Award for London Whale Fiasco, Will Schneiderman Harpoon the Corruption?

A JPMorgan Chase employee stepped onstage at a black-tie gala on Wall Street last week to accept a "best crisis management" award given by an investor relations magazine. The bank, which was recently the subject of a U.S. Senate investigative hearing and an ongoing FBI probe into $6.2 billion in trading losses known as the "London Whale" fiasco, is not the subject of ridicule -- but praise -- from its cronies on Wall Street.

Kathy Hu, from JPMorgan's investor relations department, accepted the award and quipped: "Crisis? What crisis?"

That's the kind of jokester you get to be when you work for a "too big to jail" bank, which repeatedly misled the public, investors and regulators about the ballooning crisis in its Chief Investment Office. The firm's lies are detailed in a 301-page report and 597 pages of exhibits prepared by the Senate Permanent Subcommittee on Investigations chaired by Senator Carl Levin, only a portion of the 90,000 documents the committee gathered.

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