By its own calculations, the bank has already given away more than half the money it has to give away to keep the Justice Department from filing criminal charges against it, and it’s not afraid to say so.
“We continue to help thousands of families become homeowners and assist those who may be struggling,” a J.P. Morgan spokeswoman said.
With a gun to their head, sure, but all the same. And should you miss out of this coerced generosity, you needn’t fear. Jamie Dimon’s only handling $4 billion of the $13.5 billion in forced largesse; you could always try your hand at Citi or BofA. Read more »
Eight years ago, there was much handwringing over the plan. Such as, won’t this violate the Foreign Corrupt Practices Act and lead to an extremely embarrassing criminal investigation one day? And, how we will make sure that the brain-dead progeny of the people we need don’t lose us too much money? Read more »
We all know that it is better to be safe than sorry. But JPMorgan is definitely pretty sorry about that whole 76-million-customer hack job. And now that it is, it has decided that it is better to be safe and sorry than not safe and still sorry, or something. Even if that costs an extra $125 million a year. Read more »
It’s not just doctors and scientists that need STEM education. America’s shifting economy is demanding more trained workers in many different sectors. See how Travis Brooks got the hands-on education he needed to become a technician at the Chevron Pascagoula Refinery. Visit The Atlantic to learn more.