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$700 Billion Bank Bailout (2008)
JPMorgan's money is not enough [Editorial]
JPMorgan's money is not enough [Editorial]

U.S. banks don't come any bigger than JPMorgan Chase, so no one should be surprised by the size of its settlement with the U.S. Department of Justice that was announced today — $13 billion to end civil litigation regarding mortgage lending practices. The question people should be asking is whether that's enough to prevent such irresponsible behavior from happening again. In the run-up to the financial collapse, JPMorgan took subprime home loans made by other financial institutions and sold them to others, including Fannie Mae and Freddie Mac. Much of this was done by two companies JPMorgan acquired — Bear Stearns and Washington Mutual — both of which the company...

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