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View Diary: 13 Billion and Counting (11 comments)

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  •  I agree with this assertion: (1+ / 0-)
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    marina
    Just to be clear before I go forward, JPM owes so much more than $13 billion in terms of the damage it has caused America with its financial fraud over the last decade.
    These guys should have to fork over every last dime of profit they made from sub-prime mortgages and associated securities and derivative, PLUS punitive damages.

    THAT would be both fair AND a deterrent.

    But, as you say, at least we have a sizable fine without a "criminal side settlement." We can only hope that some top dogs get serious jail time.

    Trust, but verify. - Reagan
    Vote, but Occupy. - commonmass

    by Words In Action on Mon Oct 21, 2013 at 07:32:34 AM PDT

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