Posts from October 2013

3 Items

Why JPMorgan May Be Getting Off Easy

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Financial columnist Gretchen Morgenson says that if the government were really being tough on Wall Street they would bring criminal charges against individuals at US banks. 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 […]

Everything you need to know about JPMorgan’s $13 billion settlement

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(Photo by Spencer Platt/Getty Images

By Neil Irwin JPMorgan Chase is nearing a $13 billion civil settlement with the Justice Department for its mortgage lending practices. So what’s going on here? We’re here to help.  See answers to the following questions here: What is JPMorgan Chase? So what is this settlement about? What did this have to do with the […]

NY Times: In Banking, Should There Be a ‘Public Option’?

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    Only one U.S. state, North Dakota, owns a bank. But that bank has been so successful – and the financial systems elsewhere have been so problematic – that 22 other legislatures have considered starting similar state banks. Would government-owned banks distort the free market, or complement private lending? If states or the federal […]