New Orleans In the wake of the Great Recession and general financial meltdown we all like to think we’ve got our eyes peeled to all of the slick shenanigans devised by Wall Street wheeler-dealers. With billion dollar bank settlements still regularly reported in the daily papers and with a new governmental body, the Consumer Financial Protection …
Tag: jp morgan chase
How can Billion Dollar Fines be Little More Than Water off a Duck’s Back?
New Orleans I hate to admit it, but to me a billion dollars still seems like a whole lot of money. Unfortunately, I’m afraid saying so makes me hopelessly hide bound and old school. Why? Because the government seems to be passing out billion dollar fines like candy to banks, utility companies, oil …
Is it Right to Divert Settlement Money Intended for Citizens?
New Orleans Every once in a while we stumble on some real “ah-ha” moments, where the obvious finally is so unavoidable we almost trip over it. For me this has been happening recently while reading about the JP Morgan Chase $13 billion dollar settlements as the money is distributed to the states and the …