“A man always has two reasons for doing anything: a good reason and the real reason.” – J.P. Morgan
The financial world was melting down. As CEO of JPMorgan Asset Management, Jes Staley was overseeing more than $1.2 trillion in assets. He turned to his bank’s leadership. He turned to top officials at the Federal Reserve and Treasury. He turned to … Jeffrey Epstein.
Epstein may have been the smartest guy in the room. Unfortunately, the room was a South Florida jail cell, where Epstein was serving time after pleading guilty to soliciting prostitution from a minor.
Why was Epstein his financial fairy godfather?
“Epstein had very interesting insights into the financial markets,” Staley told congressional investigators.
“It was a very difficult time in those markets, and I thought that I could benefit from getting his thoughts.”
Staley’s explanation is contained in a transcript of his July testimony that the House Oversight Committee released Wednesday. He went on to become CEO of Barclays, but his Epstein connections forced his resignation in 2021.
In his congressional testimony, he admits to having sex with one of Epstein’s “assistants.” He admits to visiting Epstein’s island. But he denies having sex with “Snow White.”
Who was dressed in the Snow White costume? What kind of fantasy world was this Epstein creating for this guy? We still don’t know.
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In July 2010, Staley emailed Epstein: “That was fun. Say hi to Snow White.”
Epstein replied: “What character would you like next?”
Staley answered: “Beauty and the Beast.”
Epstein replied: “Well one side is available.”
All perversions aside, the U.S. economy was in the deepest trouble of our lives. The world was bracing for the Great Depression 2.0. Americans were losing their jobs, their homes and their retirement accounts.
And Jes Staley was asking a jailed child sex offender what to do next.
