Jonathan Turley – Lawrence E. Rafferty – Crime Does Pay For Banksters – 27 January 2014

 Jonathan Turley

Jonathan Turley

Respectfully submitted by Lawrence E. Rafferty-Weekend Blogger

In the past we have discussed the allegedly illegal and fraudulent practices of the Big Banks that helped bring the economy into Recession, but until now, we have not seen such a blatant example of how it pays for Big Banks to break the rules and get ahead at the same time.  As you may recall, JP Morgan Chase Bank recently agreed to a $13 Billion dollar settlement with the Justice Department for allegedly defrauding customers.  That sounds like a big number, but that was only part of the total fines and penalties JP Morgan Chase was liable to pay in 2013 due to its less than honorable business practices.

Read the full article at : link to original article  via

Comments are closed.