“$13 billion is a lot of money even by Wall Street standards.”
“But is the $13 billion fine imposed on JP Morgan by the Department of Justice an appropriate penalty for the array of transgressions involved? In order to answer that question, one needs to rely on the inputs reviewed and the process utilized by the Department of Justice which meted out this justice.”
“The inability to undertake just such a review is the crux of the lawsuit brought by Better Markets, “a nonprofit, nonpartisan organization that promotes the public interest in financial reform in the domestic and global capital and commodity markets.”
Read full Sense on Cents article here.