 jump into the news. This kind of headline intrigued me, you know, JP Morgan to pay 290 million in settlement with Epstein's victims. And this is Jeffrey Epstein, you know, the horrible, horrible, you know, human being who, you know, molested young girls, raped, abused, you know, teenage girls, just truly horrible. And had a whole network of people who were his friends, who partied with him, who, you know, we don't really know the full extent of what went on there. We don't know the full extent of who participated under what circumstances we don't know. There's a lot we don't know, unfortunately. I mean, clearly, clearly what, you know, Jeffrey was not doing this alone. He had help. I forget her name, but the woman who helped him out is now in jail for a long, long time. Unfortunately, as far as we know, she's not talking. So I don't know that we'll ever know the full extent of everything. And I don't know that we'll ever know all the names associated. We know some very big names that have been thrown around and clearly have some links to Epstein, but not clear the extent of those links, not clear if those were just links to get as much money out of Epstein, because he was throwing out a lot of money or were they links where there was partying going on and there was there was what you could say is a facilitation of the molestation and the trafficking and all of that. So anyway, the speakable man, the speakable story, it would be Giselle something, Gislaine something is her name, yes. It would be good if we have kind of the kind of investigative reporting or the that really brought us the full story and name names. It would be good to name names. I think there are more people that need to be humiliated. A number of people have been a number of his friends are being kind of forced into the shadows or forced into kind of early retirement and things like that. People who've associated with them, people who had money to count with them. And again, people who traveled to the island with them. But I was wondering, what does JPMorgan have to do? Why is JPMorgan as a bank as an institution? Why are they paying $290 million to Epstein's victims? And this is I think where it gets interesting. And this is not in any way to diminish the evil of what Epstein did. But in what to what extent does one hold a bank JPMorgan responsible for it? JPMorgan, you know, Jeff Epstein had accounts with it, maybe investment accounts, he they helped him move money. They did what a bank does for a client. And yes, this was a despicable client. And yes, if they dug deep, they would have found that he was a despicable client. And maybe they knew about his prosecution in Florida in the late 2000, in 2000, what, eight, nine or something, 2008, for soliciting prostitution for a teenage girl. And you know, maybe I assume they knew all that. And they still did business with him. Now, I'm not justifying them continuing to do business with him, but how is that a civil liability? How, you know, is it, is it legitimate to go after people who deal with criminals, you know, who bank the criminal, who, you know, make it possible, even when they know something is maybe a little shady, they probably don't know the details. Is it legitimate for them to have, you know, a liability here? And it strikes me, it strikes me as wrong. It strikes me as you're now making a bank, law enforcement. You're now making a bank responsible for figuring out who is who. I mean, supposedly, the legal department of JPMorgan flagged Epstein as a high-risk client in 2006. But kept him on despite the media reports. But is it really JPMorgan's responsibility to figure out who's a criminal and who's not, who's really, really, you know, beyond evil? Now, again, I think a moral responsible business does that. But if it doesn't do it, is it, you know, it does it when it's obvious, right? But if it doesn't do it, is it liable? You know, Epstein was not caught, was not put in jail. I have a lot of, we have a lot of complaints about the justice system and how he was treated and how he was treated in Florida, and then how he's not investigated in spite of the fact that they knew stuff was going on and the kind of plea agreement he got in Florida, which is filled of corruption. And it would be great if somebody followed up on that and maybe some people went to jail because of that. But is really, is the fact that is everybody who does business with somebody who turns out to be evil, bad, criminal, liable for the damage that person did? I don't see how that is possible. I don't see how that is right. And there is a lot in the law today, a lot in the law, that basically is making business responsible for law enforcement. So banks have to, and by the way, there's no indication that they did anything criminal as far as we know. There's also, by the way, another settlement with Deutsche Bank for 75 million. But there's no, you know, the law today requires banks to let the government know if they see suspicious activity, to let the government know if somebody deposits more than $10,000 worth of cash, let the government know all the stuff. And yet the government also tells the bank, oh, you have to preserve the privacy of your clients. I mean, the government is basically outsourcing law enforcement to businesses. You know, maybe one of the best examples of this is the e-verify system that Republicans are so excited about. And the e-verify system basically basically requires the employers to check the immigration status of the people who are the employee. I mean, why? Why is it any of the employer's business whether the employee is, quote, legally here or not? That's the government's business. You know, the government should enforce the laws. Not there. You know, I also think the whole idea of withholding taxes and everything, you know, making businesses do all their accounting for the government and actually have to take the money away so that it doesn't even feel like you're paying the government. It just feels like it's some deduction from your salary. It's not, it's not actually, you haven't written a check to the guy. It would be much better if we actually only wrote checks to the government when we paid our taxes. It would feel a lot more offensive. It would feel a lot more like a violation than it just disappearing in our play check. You know, and the government using basically businesses. So I worry that we make businesses more and more, not responsible for the stuff they do, but not responsible for what their clients do. You know, unless JP Morgan directly facilitated and knowingly facilitated sex trafficking operations or anything like that, or sent their executives to parties where, you know, with young girls, and maybe that was going on, but there's nothing to indicate that that was. I don't see how they can be liable for something. But of course, this is a settlement part of what I think JP Morgan wants to devoid is going to court, not only spending the money on court, which is massively expensive, you know, how much lawyers charge, but also, you know, might might reveal stuff that maybe JP Morgan doesn't want to reveal. But it is unfortunate because every time one of these cases go to court, we actually learn about what actually happened. And maybe we get closer to actual justice towards the real criminals and towards the people who really participated in the crime, rather than, in a sense, a redistribution of wealth here. Yeah, I mean, I'm fine with the victims getting money, but I'm not sure the shareholders of JP Morgan's are the one who should be providing it. Oh, curious if there's any counter argument to that if there's a world in which you can see, if anybody can see corporations being liable, civilly liable for the evils, the crimes, the abuses of their clients. It would be interesting to hear what those arguments are. I'm not saying that they're legitimate. I just can't think of any right now. Thank you for listening or watching the Iran book show. If you'd like to support the show, we make it as easy as possible for you to trade with me. You get value from listening, you get value from watching, show your appreciation. You can do that by going to iranbookshow.com slash support by going to Patreon, subscribe star locals, and just making a appropriate contribution on any one of those, any one of those channels. 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