"JPMorgan Chase has reached a tentative agreement with the Justice Department to pay $13 billion to settle civil investigations related to the bank’s sale in the lead up to the 2008 financial crisis of mortgage-backed securities that were packed with bad loans, according to a person close to the negotiations.
"The deal was reached Friday night in a call involving Attorney General Eric Holder and JPMorgan Chase CEO Jamie Dimon, the source said."
Jamie Dimon, the man behind 2008 financial crisis of mortgage-backed securities that were packed with bad loans. How is your trust level of either JPMorgan Chase & Co or Jamie Dimon?
They always get away with a fine that's small compared with the "take", and no jail time. That's part of our systemic corruption.