JPMorgan
Chase has made many headlines recently. There’s a new investigation
underway regarding the bank’s practice of giving lots of money to
the kids of rich people abroad in order to gain influence illegally.
They just topped the Financial Stability Board’s “Too big to
fail” list. They just reached an agreement with the Justice
Department to pay a record $13 billion for its fraudulent mortgage
products. It’s facing an investigation as Bernie Madoff’s primary
bank. And an ex-employee stands accused of hiding hundreds of
millions of dollars worth of trading losses. The Resident (aka Lori
Harfenist) discusses how she is getting a wee tired of this whole,
too-big-to-fail thing.
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