Bill talks with New York Times columnist Gretchen Morgenson about JPMorgan, the justice department, mortgage fraud, (lack of) criminal cases, ‘too big to fail,’ and bailouts.
Why JPMorgan May be Getting off Easy
By Moyers & Company, BillMoyers.com
In a criminal investigation, JPMorgan Chase is facing action from federal authorities who suspect that the bank turned a blind eye to Madoff’s Ponzi scheme. That’s yet another headache in a week of migraines for America’s largest bank; last Friday JPMorgan Chase reached a tentative $13 billion settlement with federal prosecutors for its alleged manipulation of mortgage securities, which helped trigger the Great Recession. There may be more pain to come as the megabank faces litigation on a number of fronts.
Keep reading Why JPMorgan May be Getting off Easy | Moyers & Company | BillMoyers.com.
