The settlement represents only a fraction of JPMorgans $23 billion - TopicsExpress

The settlement represents only a fraction of JPMorgans $23 billion litigation reserve fund, which it has called a hedge against future legal fees and judgments. That reserve was described in the banks third-quarter corporate filings, as Lake said in a conference call held Tuesday afternoon. Again, a slap on the wrist for ruining peoples lives through fraud. Hopefully many criminal charges will be made. npr.org/blogs/thetwo-way/2013/11/19/246143595/j-p-morgan-chase-will-pay-13-billion-in-record-settlement

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