13 Billion and Counting
"While the country is still shaking its collective head over the self-destructive insanity of the Republican party’s shutdown politics (my mother’s classic line: “I just keep wondering about what kinds of parents they have”), big fish are frying elsewhere. In this case, happily, that big fish is JP Morgan Chase. News broke over the weekend that JPM is about to settle with DOJ and the New York Attorney General for about $13 billion large without a dismissal of possible criminal charges of the bank or its executives. Both parts of that sentence- what they are agreeing to, and what they are not- are very big news."
