Related Topics: Subprime Mortgage CrisisFederal Government of the United StatesFinanceBank of AmericaGoldman SachsWashington MutualJPMorgan ChaseJamie DimonUnited States CongressBank
Just $1.8 billion of the settlement will go to homeowners.
Amid a summer of banking scandals, the latest to emerge implicates JPMorgan Chase in manipulating the California energy markets, and robbing consumers of $125 million.
The U.S. government is selling off the last of its shares in American International Group and making a killing. Overall, the bank bailout was a pretty good thing.
Dimon has made it clear that he does not want his employees to “seek advantage” from “Muppetgate.” Though many may see this as honor among thieves, I see it as the logical thing to do.