DOJ Rejects JPMorgan’s $3 Billion Offer

DOJ Rejects JPMorgan’s $3 Billion Offer

Putting messy litigation behind you isn't as cheap as it used to be. The Justice Department has rejected a $3 billion offer from JPMorgan Chase to settle investigations into the bank's mortgage-backed-securities business, saying it is much too small. JPMorgan has a big incentive to settle—the mortgage investigation is one of at least seven probes the bank is facing, ranging from alleged misbehavior in energy markets to dealing in China. JPMorgan CEO Jamie Dimon reportedly has urged the board to agree to settlements so the bank can get past the steady string of legal headaches.

Here's a novel idea for the DOJ; PROSECUTE the sons a biatches. >

[quote author=Snoopster link=topic=83688.msg523051#msg523051 date=1380133561]
Here's a novel idea for the DOJ; PROSECUTE the sons a biatches. >
[/quote] They never prosecute . They always settle without the banks ever admitting wrong doing

[quote author=Kwami link=topic=83688.msg523053#msg523053 date=1380133793]
They never prosecute . They always settle without the banks ever admitting wrong doing
[/quote]

But they'll go after the guy who sells 1 gram of weed and throw him in jail for 5 years.  Cunts. >

[quote author=The Chairman link=topic=83688.msg523048#msg523048 date=1380133246]

JPMorgan has a big incentive to settle—the mortgage investigation is one of at least seven probes the bank is facing, ranging from alleged misbehavior in energy markets to dealing in China.
[/quote]

Whaddabout the 300 million they claimed in CDS ( insurance )

when American Airlines Died ?