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View Diary: J P Morgan Nearing Record $13-Billion Settlement (12 comments)

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  •  A 'record.' How nice. Americans love records. (0+ / 0-)

    Records equals good.

    Lessee, iirc the previous 'record' in the various frauds and fixings and launderings was a fine for about 3% of the ill-gotten take. So what are we talkin' here: 3.1%? 3.3%?


    Actual Democrats: the surest, quickest, route to More Democrats. And actually addressing our various emergencies.

    by Jim P on Sun Oct 20, 2013 at 12:14:08 AM PDT

    •  Elsewhere in the Piece (6+ / 0-)

      It says it amounts to half of a year's profit.

      Strange women lying in ponds distributing swords is no basis for a system of government.

      by The Baculum King on Sun Oct 20, 2013 at 12:21:05 AM PDT

      [ Parent ]

      •  Too tired to read the piece. (1+ / 0-)
        Recommended by:
        northsylvania

        The question though is how much did they steal?

        And is it half-a-year's profit for a poor year, or a banner year? Again, for scale: did the crimes contribute to profits for 3 years or 10 years, or...?

        Further, will the victims get to recover their full loss, or in fact any loss at all? Including 'use of capital' losses?

        The prosecution aspect seems appealing, should it ever come to happen. But why exclude current crooks, if they are there?


        Actual Democrats: the surest, quickest, route to More Democrats. And actually addressing our various emergencies.

        by Jim P on Sun Oct 20, 2013 at 12:30:48 AM PDT

        [ Parent ]

        •  More Than Half of Last Year (4+ / 0-)

          And about $4 billion would be "relief for struggling homeowners", whatever that means.

          And it's almost three times the fine BP got for shitting in the Gulf.

          Strange women lying in ponds distributing swords is no basis for a system of government.

          by The Baculum King on Sun Oct 20, 2013 at 12:39:40 AM PDT

          [ Parent ]

          •  Okay, but still no idea what %age (0+ / 0-)

            of the theft they're paying. That's what tells us about the justice of the matter.


            Actual Democrats: the surest, quickest, route to More Democrats. And actually addressing our various emergencies.

            by Jim P on Sun Oct 20, 2013 at 01:18:48 PM PDT

            [ Parent ]

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