from Armstrong Economics:
Finally, the political pressure is building to bring some sort of criminal charge against a New York Bank. The Justice Department has been pursuing criminal charges against J.P. Morgan & Co regarding the sale of mortgage securities that the allegation is based on information from an inside person from the bank. The gist of this will be that nobody goes to prison and the bank will admit criminal activity and the fine will be around $11 billion, with perhaps $7 billion would be cash that goes to the government and $4 billion in relief to consumers according to the Wall Street Journal.
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