Wednesday, July 13, 2011

JPMorgan Steals and Gets a Slap on the Wrist











 It crazy!  Again and again these big banks rip off individuals, companies and the government—everyone!  The latest one is bid rigging in the municipal bond market and it cost taxpayers millions of dollars.  So what's the punishment for JPMorgan?  A very small fine of $200 million and a promise to not do it again.  And of course, no criminal prosecution and no corporate accountability for JPMorgan!  It just keeps happening again and again!