The regulators and JP Morgan are at it again . In a never-ending saga, Morgan is being investigated again, putting up a tough facade, and then lo and behold reaching back into their endless well of cash. This time $13 billion will be paid to resolve civil charges relating to the sale of "toxic mortgage-backed securities".
The payments seem so run of the mill to Morgan , almost like they're using monopoly money. Where does the $ keep on coming from? Mind boggling.
Anyway, on the one hand they're putting the civil charges to bed. On the flip side, possible California criminal charges are still lingering.....
Oh well, no time to waste. Monthly charges for checking accounts just went up $2 per customer...And the rich get richer!
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