Latest / The Vault: The Epstein Files / JPMorgan, Jamie Diamond, Jeffrey Epstein and the Battle Over Britain’s Banker Tax (7/16/26)

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JPMorgan, Jamie Diamond, Jeffrey Epstein and the Battle Over Britain’s Banker Tax (7/16/26) · The Vault: The Epstein Files

• 0:00
  Speaker 1: What's up, everyone, and welcome to another episode of the
• 0:03
  Speaker 1: Epstein Chronicles. One of the biggest sources of protection for
• 0:10
  Speaker 1: Jeffrey Epstein was the financial sector, and the fact that
• 0:15
  Speaker 1: they don't have more scrutiny is very telling. And look,
• 0:19
  Speaker 1: we all know that they pay the bills. We all
• 0:21
  Speaker 1: know that every politician relies on these people to get
• 0:24
  Speaker 1: them into office and keep them there, and that's how
• 0:27
  Speaker 1: it's always been. So if you're looking for a real boogeyman,
• 0:32
  Speaker 1: then the guy we're about to talk about is certainly
• 0:34
  Speaker 1: at the top of the list. Because if you're running
• 0:37
  Speaker 1: JP Morgan, chances are you're involved in some shit. Now
• 0:42
  Speaker 1: I'm not saying actively right, I'm not saying that Jamie
• 0:45
  Speaker 1: Diamond is sitting there telling his subordinates to get into
• 0:50
  Speaker 1: business with drug dealers and launderers the rest of it.
• 0:53
  Speaker 1: But we'd be naive to think that those kinds of
• 0:57
  Speaker 1: people weren't using the financial system to move and color
• 1:00
  Speaker 1: their money, because they are. You know, when we think
• 1:03
  Speaker 1: about money laundering and we think about hiding money, etc.
• 1:08
  Speaker 1: We don't think about America as a destination for that,
• 1:11
  Speaker 1: but it is. And the way the tax laws are structured,
• 1:15
  Speaker 1: the way that they're written, it's all to benefit rich people,
• 1:20
  Speaker 1: and a guy like Jamie Diamond, he certainly knows that,
• 1:23
  Speaker 1: and he certainly knows more about Jeffrey Epstein than he's
• 1:26
  Speaker 1: ever let on. Now the hard part's proving it. And
• 1:29
  Speaker 1: when I say that, let me be clear, I don't
• 1:31
  Speaker 1: mean Jamie Diamond was taking part in the abuse. I
• 1:34
  Speaker 1: mean that he was an enabler, a financial enabler, and
• 1:37
  Speaker 1: somebody that could have pulled the plug at any time.
• 1:40
  Speaker 1: But him, Mary Urdos, Jess Staley and the rest of them, well,
• 1:45
  Speaker 1: they decided to keep working with Epstein, banking Epstein and
• 1:48
  Speaker 1: being friendly with them, and look to get into a
• 1:51
  Speaker 1: position that Jamie Diamond's in. To be the head of
• 1:53
  Speaker 1: JP Morgan, you have to be a shark, you have
• 1:57
  Speaker 1: to be a killer. And when I say killer, I'm
• 2:00
  Speaker 1: in the business sense, and there's no doubt that Jamie
• 2:03
  Speaker 1: Diamond is all of those things. But he was also
• 2:06
  Speaker 1: an adjacent to Jeffrey Epstein, and he also bears some
• 2:10
  Speaker 1: responsibility in my opinion, when it comes to the financial
• 2:14
  Speaker 1: portion of all of this. So today we have an
• 2:17
  Speaker 1: article from The Guardian and the headline JP Morgan boss
• 2:20
  Speaker 1: pressed by US senator about contact with Jeffrey Epstein. This
• 2:26
  Speaker 1: article was authored by Simon Goodley. A leading Democratic senator,
• 2:31
  Speaker 1: has written to the boss of JP Morgan to request
• 2:33
  Speaker 1: clarification on the bank's contact with child sex offender Jeffrey Epstein.
• 2:38
  Speaker 1: I mean, okay, a little late, but all right now,
• 2:42
  Speaker 1: Elizabeth Warren is another person that I don't trust, and
• 2:46
  Speaker 1: why should I. She's a one way traffic kind of person.
• 2:50
  Speaker 1: She's never going to put her own people in the crosshairs.
• 2:53
  Speaker 1: She's going to try and use this as a weapon.
• 2:56
  Speaker 1: And look, I get it, I understand. I'm not naive.
• 3:00
  Speaker 1: This is a political battlefield. But the problem is when
• 3:04
  Speaker 1: people don't care about justice and only try to use
• 3:07
  Speaker 1: it as a political cudgel. You could at least have
• 3:10
  Speaker 1: a little bit of common courtesy and try and get
• 3:13
  Speaker 1: some shit done while you're pushing your own political agendas.
• 3:18
  Speaker 1: Elizabeth Warren, the top Democrat on the Senate Banking Committee,
• 3:21
  Speaker 1: wrote to Jamie Diamond last week to ask if he
• 3:23
  Speaker 1: took advice from Epstein while lobbying against the UK tax
• 3:27
  Speaker 1: on banker bonuses in a letter published by the committee
• 3:30
  Speaker 1: on Monday, and look, he probably was. I'll be the
• 3:34
  Speaker 1: first to tell you, I don't trust Jamie Diamond as
• 3:37
  Speaker 1: far as I could throw the dude. Now, please don't
• 3:39
  Speaker 1: confuse that with me thinking that Elizabeth Warren knows what
• 3:42
  Speaker 1: she's doing. I don't believe that either. I feel like
• 3:46
  Speaker 1: all of these people in the Senate and Congress, we're
• 3:48
  Speaker 1: all there to agitate. Nobody's there to work together. Nobody's
• 3:52
  Speaker 1: reaching across the aisle, nobody's trying to put bills together
• 3:55
  Speaker 1: that make my life better. What they do is they fight,
• 3:59
  Speaker 1: They argue, they throw red meat to the base, and
• 4:02
  Speaker 1: they don't give a fuck about anything but reelection and
• 4:04
  Speaker 1: real talk. Where was Elizabeth Warren when all of this
• 4:07
  Speaker 1: was happening in real time? It's critical that Congress and
• 4:12
  Speaker 1: the American public fully understand the extent of any interactions
• 4:15
  Speaker 1: the bank and you had with Epstein. The Senator wrote, Well,
• 4:19
  Speaker 1: she's not wrong about that, and while I can question
• 4:21
  Speaker 1: her motivation, I think trying to get the records is
• 4:24
  Speaker 1: the right move. And like I've told you, I'm going
• 4:28
  Speaker 1: to ride these mforts all the way to the finish line.
• 4:32
  Speaker 1: They want to have a parasitic relationship, cool, fine, But
• 4:37
  Speaker 1: one thing I'll never do is trust them. One thing
• 4:40
  Speaker 1: I'll never do is come on this podcast and tell you, oh,
• 4:42
  Speaker 1: you should vote for this person because they're a great
• 4:44
  Speaker 1: guy or a gal, because I don't believe any of
• 4:46
  Speaker 1: them are great, So I would never tell you that.
• 4:51
  Speaker 1: So what I try to do is look for whoever
• 4:54
  Speaker 1: is going to make my life better one way or
• 4:55
  Speaker 1: the other, and unfortunately it's none of these people. Diamond,
• 5:02
  Speaker 1: who has been the chair and chief executive of the
• 5:04
  Speaker 1: largest US bank for two decades, told a court in
• 5:07
  Speaker 1: twenty twenty three that he had never met Epstein and
• 5:10
  Speaker 1: had not heard the late sex offender's name until his
• 5:13
  Speaker 1: twenty nineteen arrest. Oh sure, Oh I'm sure, mister Diamond,
• 5:18
  Speaker 1: And I told you then probably telling us some bullshit. Well,
• 5:22
  Speaker 1: wouldn't you know. But a cash of documents released by
• 5:25
  Speaker 1: the US Department of Justice is here as pile pressure
• 5:28
  Speaker 1: on Diamond, one of the most powerful figures on Wall Street,
• 5:32
  Speaker 1: and raised fresh questions about his links with Epstein. So
• 5:36
  Speaker 1: here's what you do. You get all these Wall Street
• 5:39
  Speaker 1: executives and you put their pictures up on a wall
• 5:42
  Speaker 1: and then throw a dart, and whichever one of the
• 5:44
  Speaker 1: pictures the dart hits, you can guarantee that Jeffrey Epstein
• 5:47
  Speaker 1: had some sort of business with that person. That's how
• 5:51
  Speaker 1: corrupt the financial sector is, and they're the engine that
• 5:54
  Speaker 1: pushed Epstein's machine up the hill. A two thousand and
• 5:58
  Speaker 1: nine email emerged this year as part of the Epstein files,
• 6:01
  Speaker 1: which appeared to show the disgraced financier asking the former
• 6:05
  Speaker 1: Labor Minister Peter Mandelsson if Diamond should lobby the UK
• 6:09
  Speaker 1: Chancellor Alistair Darling in an attempt to dissuade them from
• 6:13
  Speaker 1: introducing attacks on banker bonuses. Now, let's give Jamie Diamond
• 6:18
  Speaker 1: the benefit of the doubt, right, real quick, Let's say
• 6:21
  Speaker 1: that what Epstein was doing was trying to use Jess
• 6:24
  Speaker 1: Staley to lobby Jamie Diamond. To take this narrative, that
• 6:31
  Speaker 1: could be possible, right, We have to keep that in mind.
• 6:33
  Speaker 1: We know that Epstein and Jamie Diamond didn't have too
• 6:37
  Speaker 1: much contact. Now we don't know the full extent, but
• 6:40
  Speaker 1: they certainly weren't as close as Jess Staley and Jeffrey
• 6:43
  Speaker 1: Epstein were. So could that be it possible? But does
• 6:47
  Speaker 1: that get Jamie Diamond off the hook? It most certainly doesn't,
• 6:52
  Speaker 1: because I have a very hard time believing that the
• 6:55
  Speaker 1: guy that's running JP Morgan Chase didn't know the kind
• 6:58
  Speaker 1: of serpent that they were served. Mandelsh replied that Diamond
• 7:03
  Speaker 1: should mildly threaten the Chancellor, and the banker is reported
• 7:07
  Speaker 1: to have subsequently spoken to Darling. Diamond allegedly pointed out
• 7:11
  Speaker 1: that JP Morgan was a big UK employer and purchaser
• 7:15
  Speaker 1: of government bonds and threaten to cancel investment in a
• 7:18
  Speaker 1: new London headquarters. Money makes the world move. Do you
• 7:22
  Speaker 1: see what's happening here? You have a bank, one of
• 7:25
  Speaker 1: the biggest banks in the world, threatening a government and
• 7:29
  Speaker 1: how are they doing that? Well, the bonds, We're not
• 7:32
  Speaker 1: going to purchase your bonds. We're not going to invest
• 7:34
  Speaker 1: in your city, we're not going to invest in your country.
• 7:38
  Speaker 1: Money talks, And how do you think these people want elections?
• 7:41
  Speaker 1: You think they just stroll up there and they give
• 7:44
  Speaker 1: a couple of good speeches and that's it. Millions and
• 7:46
  Speaker 1: millions and millions, sometimes hundreds of millions of dollars. And
• 7:50
  Speaker 1: where's that money coming from. Not from me and you,
• 7:53
  Speaker 1: It's coming from these people in the financial sector who
• 7:56
  Speaker 1: want laws that are going to be written in a
• 7:59
  Speaker 1: manner that benefits them. I know, breaking fucking news right.
• 8:03
  Speaker 1: The fact that some people still don't understand this is
• 8:05
  Speaker 1: mind boggling to me. Mandelssohn was sacked as US ambassador
• 8:11
  Speaker 1: last September because of revelations about his close friendship with
• 8:14
  Speaker 1: Jeffrey Epstein. Well might have something to do with the
• 8:18
  Speaker 1: trade secrets he was given him, you know, not just
• 8:21
  Speaker 1: a friendship. These resurfaced emails and related to reporting raised
• 8:25
  Speaker 1: questions regarding the extent of the bank's relationship with Epstein
• 8:29
  Speaker 1: and your knowledge of these ties, Warren said in her letter,
• 8:33
  Speaker 1: which was first reported by The Financial Times. The former
• 8:37
  Speaker 1: JP Morgan executive, an ex Barclay's boss, Jess Staley, has
• 8:41
  Speaker 1: previously alleged that he communicated with Diamond about the bank's
• 8:44
  Speaker 1: relationship with Epstein. Like I said, so it's hearsay, right.
• 8:49
  Speaker 1: Who do you believe Jess Staley or Jamie Diamond talk
• 8:54
  Speaker 1: about two serpents? A spokesman for JP Morgan said no,
• 8:59
  Speaker 1: such conversation never occurred. Further, a UK tribunal has already
• 9:04
  Speaker 1: called Staley's testimony evasive and unreliable. Well, that's true, Staley
• 9:09
  Speaker 1: is not exactly a reliable narrator. Have you noticed a
• 9:12
  Speaker 1: trend here, not many of those. The bank, which sued Staley,
• 9:16
  Speaker 1: claims he hit Epstein's crimes from colleagues to keep him
• 9:19
  Speaker 1: as a client. The parties were subsequently reported to have
• 9:22
  Speaker 1: reached a confidential settlement. Ah. Yeah, good old confidential settlement.
• 9:26
  Speaker 1: Nothing like the boys getting together to figure out how
• 9:29
  Speaker 1: to smooth things over. A spokesman for JP Morgan said
• 9:34
  Speaker 1: any association with the man was a mistake and we
• 9:37
  Speaker 1: regret it. But we would not have continued doing business
• 9:40
  Speaker 1: with him had we believed he was engaged in ongoing crimes.
• 9:44
  Speaker 1: We exited him as a client in twenty thirteen, years
• 9:47
  Speaker 1: before his federal sex trafficking arrest, and years after the
• 9:51
  Speaker 1: government had damning information that they kept from us. Oh,
• 9:54
  Speaker 1: the government should tell you. The government should just show
• 9:56
  Speaker 1: up at JP Morgan and be like, hey, guys, you
• 9:59
  Speaker 1: got big problems? Or should you have the checks and
• 10:02
  Speaker 1: balances set up that catches his bullshit? We all know
• 10:05
  Speaker 1: the story. They have regulations I have to follow. They
• 10:08
  Speaker 1: ignored those regulations to keep banking Epstein. That's not an allegation,
• 10:14
  Speaker 1: that's a fact. The US Bank reiterated that Diamond never
• 10:19
  Speaker 1: met Epstein and was not involved in any decisions about
• 10:22
  Speaker 1: his account. While he regularly speaks his mind on bad
• 10:25
  Speaker 1: anti growth policy and has his own views, any suggestion
• 10:29
  Speaker 1: that Diamond spoke with Epstein or took counsel from him
• 10:32
  Speaker 1: was false. The spokesperson added, Okay, well, I don't know
• 10:36
  Speaker 1: if I believe that or not, but okay, And as
• 10:39
  Speaker 1: far as the banks go, and as far as Jamie
• 10:41
  Speaker 1: Diamond goes, I've told you from the beginning, these people
• 10:45
  Speaker 1: were the heartbeat. Without them, Epstein couldn't have done anything
• 10:49
  Speaker 1: that he did. And while Jamie Diamond might not have
• 10:52
  Speaker 1: been directly involved, he was in charge. He was the boss,
• 10:55
  Speaker 1: and as we all know, the buck stops with you.
• 10:59
  Speaker 1: But I highly doubt that anything's going to come of this,
• 11:03
  Speaker 1: And I think that it's more Elizabeth Warren trying to
• 11:05
  Speaker 1: flex and trying to say, look, I'm doing something than
• 11:08
  Speaker 1: actually getting close to getting any kind of records or
• 11:12
  Speaker 1: getting any kind of real information that's going to move
• 11:14
  Speaker 1: the needle. But I'd love to eat crow and come
• 11:16
  Speaker 1: back here and tell you that I was wrong. So
• 11:19
  Speaker 1: we'll see what happens, and when we have some more
• 11:21
  Speaker 1: information one way or the other about JP Morgan and
• 11:24
  Speaker 1: the questions being asked to them will get that added
• 11:26
  Speaker 1: to the catalog as well. All the information that goes
• 11:30
  Speaker 1: with this episode can be found in the description box