JPMorgan had a significant role in the major financial meltdown that resulted from its shady dealings in mortgage securities. It reached a $13 billion settlement with the U.S.
But is it a fair settlement? An explanation of the JPMorgan settlement, from Bill Moyers:
- Pulitzer Prize-winning columnist rips Justice Dept. for not bringing JPMorgan Chase to trial (rawstory.com)
- JPMorgan agrees $13bn settlement with US Justice Department (telegraph.co.uk)
- JPMorgan Settlement To Reach $11 Billion, AP Reports (zerohedge.com)
- JPMorgan in $5.1 billion deal with housing agency (news.yahoo.com)