Not that I actually understand any of this

[Lamplighter]

When someone offers you something for pennies on the dollar, maybe you should tread carefully.

Washington Post
Sari Horwitz and Danielle Douglas
10/19/13
JPMorgan Chase close to $13 billion deal with Justice Department over mortgage securities

JPMorgan Chase, the nation’s largest bank, has reached a tentative agreement
with the Justice Department to pay a record $13 billion to resolve allegations
that it knowingly sold faulty mortgage securities that contributed to the financial crisis,
a person familiar with the talks said Saturday.

If finalized, the deal would be the largest penalty ever paid by a single company,
representing a tremendous win for the government after years of public criticism
over its struggle to hold Wall Street accountable for its crisis-era misdeeds.

It would also leave JPMorgan and its executives still at risk of criminal prosecution, a humbling concession.
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