SEC “sick” fine joke: <1% of JP Morgan net income


coughs up

How long before American, British and other European citizens determine that “enough is enough”?

“Elites” do not only come in the form identified with the cause of the “Arab Spring”! By now it should be apparent to any informed person, that weak or biased leadership can be as dangerous to a nation’s health and wealth as an oppressive or brutal regime!

I never cease to be amazed how far removed from the sentiment of the populous Regulators and Governments can be.

JPMorgan Coughs Up $153.6 Million to Settle Mortgage Securities Civil Suit

JPMorgan Chase is paying $153.6 million to settle a civil case the Securities and Exchange Commission brought against them on charges that they defrauded investors regarding mortgage securities, Reuters reports. CBS News says that JP Morgan "failed to tell investors that a hedge fund helped select the investment portfolio and then bet that the portfolio would fail," according to the SEC.

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