Which of course doesn’t come close to the actual cost of the damage they’ve caused the economy, but better than nothing. And big enough that the talking heads on CNBC are blubbering in their caviar over the sheer injustice of punishing Wall Street.
JPMorgan to pay record $13 bln to settle US probes (via AFP)
Banking giant JPMorgan Chase has reached a tentative agreement to pay a record $13 billion fine to the Justice Department to settle probes into its residential mortgage-backed securities, US media reported. Citing sources familiar with the decision,…
Thanks to Shawn Sukumar.
