Saturday, November 30, 2013

JPMorgan Says It Broke No Law. So Why Pay The $13 Billion?

The banking giant has agreed to pay a record sum to the U.S. government over charges that it knew it was selling risky mortgage products. But it's not clear exactly what, if anything, the bank is admitting to — or if the government's case would have held up in a jury trial.

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Source: http://www.npr.org/2013/11/22/246736471/jpmorgan-says-it-broke-no-law-so-why-pay-the-13-billion?ft=1&f=1070

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