Wow. In this interview, JPMorgan head Jamie Dimon explains why it - TopicsExpress

Wow. In this interview, JPMorgan head Jamie Dimon explains why it is so important for big banks to settle with regulators after they break the law and avoid going all the way to court. It would be really costly, he says. Well, duh. I hope the banking regulators were listening. If they are never willing to go to trial either - which sure seems to be the case - they have a lot less leverage in their settlement negotiations.

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