By John Crudele
If anyone is keeping count, Jamie Dimon’s JPMorgan Chase has now paid out more than $25 billion during the past couple of years for screwing up.
And the only people getting screwed are JPM shareholders.
Not a single executive — through the bank’s $13 billion settlement for deceiving investors in mortgage-backed securities, its $1.8 billion settlement for improperly carrying our home foreclosures, its $110 million settlement for allegedly manipulating Libor rates or its $410 million settlement for rigging electrical rates in various states — has even been prosecuted, no less been sent to prison.
This is fair? This is equal justice under the law?
The latest offense to our justice system came Tuesday when Dimon agreed to have the bank pay $2.6 billion to resolve criminal and civil allegations that it failed to stop Bernie Madoff’s Ponzi scheme. ...