*****JP MORGAN PAYS $410 MILLION FINE FOR ENERGY PRICE SCHEME: - TopicsExpress

*****JP MORGAN PAYS $410 MILLION FINE FOR ENERGY PRICE SCHEME: "The financial giant JPMorgan is paying a $410 million fine for driving up energy prices in California and the Midwest. JPMorgan agreed to the penalty without admitting to government allegations it manipulated utilities to raise the price of electricity. It is the largest settlement in the Federal Energy Regulatory Commission’s history. The British firm Barclays has been hit with a similar fine but is refusing to pay. JPMorgan is facing a more expensive government penalty for its role in pushing toxic mortgage-backed securities. According to The New York Times, the firm is currently under investigation from eight different federal regulators" Thank you! Amy Goodman for this report.. democracynow.org/2013/7/31/headlines/jpmorgan_pays_410m_for_energy_price_scheme#.UflLPRP_gM0.facebook

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