Sunday, October 20, 2013

On JP Morgan Chase's Fine

Tentative Deal Hands JPMorgan Chase a Record Penalty - "JPMorgan Chase and the Justice Department have reached a tentative $13 billion settlement over the bank’s questionable mortgage practices leading up to the financial crisis, people briefed on the talks said on Saturday. It would be a record penalty that would cap weeks of heated negotiating and underscore the extent of the bank’s legal woes."

'via Blog this'

Remind me again why Jamie Dimon still has a job.
Also remind me again why the market will fix all bad behavior.

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