Wednesday, October 23, 2013

How much is JP Morgan really paying for their fraud?

If you read the news it seems that JP-Morgan Chase, the biggest US bank, has agreed to pay US$13 billions on fraud charges for their mortgage practices leading up to the financial crisis. Bill Black, author of the fantastic and properly titled book The Best Way to Rob a Bank Is to Own One, argues that the number is inaccurate.
So more like US$6 billions. Out of profits of more than US$20 last year, and god knows of how much they made out of their fraudulent practices.

See the full interview from the Real News Network here.

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IMF Programs: Past and Present

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