Sunday, October 20, 2013

JP Morgan Guilty

The $13billion settlement agreed to by JP Morgan and the U.S. Government might sound like a lot, and it is, unless one compares it to the trillions of U.S. Treasury dollars used to bail out Wall Street banks that caused the 2008 economic meltdown. While it is fitting that the U.S. Department of Justice continue investigating criminal wrongdoing by America's largest financial institutions, one has to ask why it took until 2012 for the Obama administration to begin its investigation.

Cynical viewers might reasonably ask if this report by FRONTLINE is responsible for moving things along. 


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