Good old injustice handler Eric Holder has let JO Morgan Chase, major perpetrator of ripping off Americans and crashing the economy, off with hardly a swat -- and is lying to the American people about it. He made an announcement that they're paying a $13 billion penalty, but -- well, read this:
So he's pretending they were penalized four billion more than they were... and that's a fraction of the damage they did. That's not the only way he's letting them off easy, either -- read more.The first thing you need to know about JPMorgan Chase’s long-awaited $13 billion dealwith the Justice Department — to settle a number of civil lawsuits related to the fraudulent sale of mortgage-backed securities — is that it’s not a $13 billion deal. $4 billion of this figure, over 30 percent, was announced almost a month ago as the conclusion of a lawsuit between JPMorgan and the Federal Housing Finance Agency.
JP Morgan alone should be paying a minimum of fifty billion, and should be busted into several dozen pieces, so none of them are even close to "too big to fail". But Obama's corrupt choice to downgrade the country's justice is being his typical self, handing the big financial interests a gold mine and handing the public the shaft.