It's high time this happened! But still no individuals have ever been prosecuted. How many are sitting dumb, fat and happy with their pirates' booty from 2008?

JP Morgan Chase Tower (Photo credit: Wikipedia)

Breaking News from Newsmax.com JPMorgan to Pay Record $13 Billion in Fines, Penalties JPMorgan Chase & Co. (JPM) has reached a tentative resolution of all civil mortgage-bond related matters with the U.S. Department of Justice under which the nation’s largest bank will pay a record $13 billion, a person familiar with the settlement talks said. The amount increased from $11 billion during negotiations last night, the person said. The deal includes $4 billion for unspecified consumer relief and $9 billion in fines and other payments, another person familiar with the matter said. For the Full Story – Go Here Now

Related articles

• JP Morgan to pay billions under tentative DOJ deal (cbsnews.com)
• A Tentative Settlement Neither Side Can Be Happy About (blogs.wsj.com)
• J.P. Morgan in $4bn deal with US housing agency (independent.ie)