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Posts Tagged ‘JP Morgan 13 billion fine’

My Thoughts on JP Morgan’s $13 Billion Fine

Posted by Larry Doyle on October 21st, 2013 10:12 AM |

Does a $13 billion fine such as that levied against JP Morgan represent justice?

I was asked by my friends at Global Economic Intersection to weigh in on the following questions regarding this penalty seemingly so large as to be hard to fathom.

Is the reported settlement appropriate?  Sufficient?  Insufficient?
How many criminal charges would be appropriate?  None?  Operational management?  Executive management?
If you believe the action by DoJ is appropriate, has it been timely?
Should there be similar action against other banks? (more…)






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