Gordon Kerr, consultant at Cobden Partners, talks with Guy Johnson about the potential $13 billion settlement by JPMorgan to end civil claims over its sales of mortgage bonds. He speaks on Bloomberg Television’s “The Pulse.”

Bloomberg, Oct. 21 2013

Category: Bailouts, Video

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3 Responses to “Is There Are A Far Greater Level of Wrongdoing at JPMorgan?”

  1. dream-king says:

    Maybe some people will be agog over the 13 billion price tag, but you have to assume that no matter what the price a bank is getting a bargain.

    Either that, or the execs are willing to screw over shareholders again for the personal benefit of not going to jail.

  2. Expat says:

    As Maria “Hair Job” Bartiromo said, “Aside from the legal issues, JP Morgan is very profitable”.
    Which can, of course, be said about la Cosa Nostra, the Cali Cartel, and Dragonhead Triads. Selling coke, extorting small businesses, and running international slavery/prostitution are all highly profitable activities.

    Jamie Dimon is probably responsible for as many deaths as any mobster. It’s just how you define pulling the trigger. But, hey, this is America, right? Fuck the poor. Hail the rich. The poor are too stupid to be rich and the rich are too important to fuck with.

    ‘Murica: Love it or it will track you down and have a drone fire a missile up your ass.

  3. Its Only Rock N Roll says:

    If this behavior is allowed and nothing is done to deter it the future what makes the government anything other than a co-conspirator? Plain and simple this is nothing more than a profit sharing arrangement between the government and JPM.