Professor Spooner's Blog

Just a quick update on an earlier post — JP Morgan and the federal government have reached a settlement of all the civil claims against the bank. As reported this morning, JP Morgan will pay $13 billion total, going to a combination of investors, struggling homeowners, and the government as a fine. Interestingly, this record-setting settlement does nothing to relieve the company of the threat of criminal prosecution. In other words, it isn’t over.