Helen Davis Chaitman is a renowned attorney who specializes in mortgage lending liability. She is also a legal representative to over 1,600 people whose money disappeared in Bernie Madoff’s scam, aided by his backers, JP Morgan Chase. She is the author of JP Madoff: The Unholy Alliance Between America’s Biggest Bank and America’s Biggest Crook. She reveals the dirty, disgusting secrets of a financial institution that works with more than 50% of American households, and offers a solution which involves elected officials.
Elisabeth, on the other hand, expounds on the idea of investing locally and making sure you do due diligence on your investments.
[3:32] You can do a lot more due diligence and perhaps get safer investments by investing at a local level
[8:45] Be optimistic about your investments, but also pessimistic in regards to protecting yourself
Helen Davis Chaitman Interview
[12:44] Why Bernie Madoff case wasn’t a class action suit
[13:47] Innocent investors getting hit with clawback suits
[16:03] JP Morgan kept Bernie Madoff’s secret and made this a much, much bigger scam
[21:38] Ms Chaitman had to have 1,143 footnotes in her new book to make certain there is no libel suit.
[23:58] Our elected officials accept money to look the other way. It’s the modern version of organized crime.
[29:49] Ms Chaitman offers some possible solutions to clean up the corporation/government money affairs.