Is the lastest banking giant JP MorganChase an innocent target of a Justice Department “shakedown” by holding JPMorgan accountable for misdeeds committed by Bear Stearns and Washington Mutual before Dimon agreed to acquire them at the behest of the government?
Are the Justice Department's actions towards JP Morgan Chase just a mere tap on the wrist or a miscarriage of justice?
Is the biggest fine in US history for one company, amounting to five months of JP Morgan Chases operating income, $13 billion dollars, too much or not enough? After all, didn't JPM only make the same errors about housing prices that everyone else made?
The Division of Enforcement (“Division”) has requested an extension of time, until
May 19, 2014, to submit a Proposed Plan of Distribution under Rule 1101(a) of the
Commission’s Rules on Fair Fund and Disgorgement Plans
Is JPM being singled out or is JPM now just getting what they deserve?
LA sues Citi,Wells Fargo over discriminatory mortgage lending... "When banks engage in such discriminatory conduct, the misconduct has profound financial consequences for the cities in which mortgaged properties exist, and banks should be responsible for those financial consequences. Banks should reimburse such cities for lost tax revenues due to discriminatory lending," the lawsuit said.
When will other US cities file suits?
Ways To Redistribute Wealth: Side Effects May Include Greed Murder Suicide Homelessness and Depression.