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“JPMorgan agrees to tentative $13 billion settlement with U.S. over bad mortgages”

Do we really know how disenfranchised we are from the real power mongers in this country?

The bankers. The mega-corporation tycoons. The defense contractors. Big oil. Big pharma.

These are the ones who funnel money into the pockets of the folks we elect to public service offices: the ones we send to downtown Clowntown. For an example, click here.

Need more? Read this article about the token hand-slap that Chase just got. Read the comments following the article, too.

JPMorgan-Trading_Loss-0ca37-1705Paul Sakuma/AP – JPMorgan Chase has reached a tentative agreement to pay $13 billion to resolve allegations that it knowingly sold faulty mortgage securities during the financial crisis, a person familiar with the talks said Saturday.

by Sari Horwitz and Danielle Douglas | The Washington Post

“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.”

Click here to continue reading this article at The Washington Post.

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