Artist — Clay Bennett
In other news, things are looking worse for JP Morgan.
On Tuesday (Sept. 24), the Wall Street Journal reported that JP Morgan was offering the government $3 billion to settle an unspecified number of criminal probes after the Department of Justice threatened to file suit in an investigation of its pre-crisis mortgage dealings. Yesterday, it reported that regulators are looking for something like $11 billion in compensation, including $7 billion in penalties and $4 billion in consumer relief.
You didn’t think we were just going to let them get away with it all, did you?