JP Morgan agreed to pay $211 million last week to settle allegations that it cheated local governments in 31 states by rigging the bidding process for dozens of muni bond deals.
With all the coverage on the grim jobs numbers and the stirring launch of Atlantis, you might have missed the news about JP Morgan's settlement. Or maybe you thought it was groundhog day.
Friday's settlement was just the latest in a series for the banking giant…...Chris Whalen of Institutional Risk Analytics estimates JPMorgan may face up to $50 billion in additional claims stemming from lawsuits related to its crisis-era purchases of Bear Stearns and Washington Mutual…
http://www.businessinsider.com/jamie-dimons-house-of-ill-repute-2011-7
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