From TPM Reader MM …
Granted they were different banks (North Fork vs. Chase), but you gotta love that Eliot Spitzer’s transactions of a few thousands of dollars here and there raised alarms, led the bank to report them to the Feds, and resulted in wiretaps of Spitzer. Â Bernie Madoff’s transactions of billions of dollars back and forth? Â Nah, nothing to see here; perfectly normal!
Not that it’s a defense of Spitzer. But it does raise very serious questions about JP Morgan/Chase’s behavior with Madoff. More on that here.
