Posts tagged JPMorgan.
Maybe I'm just getting a head start on my "bah humbug" mood for the holidays, I don't know. Did it strike anyone else as discordant that almost a third of the record-setting JPMorgan RMBS settlement was ear-marked to fund "affordable housing / erase urban blight" policy initiatives? Is it right to fund the Administration's social policies through the settlement of civil litigation brought by DOJ? On November 19th, the Justice Department and various state AG's (among others) announced a $13Bn global settlement -- "the largest settlement with a single entity in American history" -- of ...