Was justice served to JPMorgan?

  • Article by: Editorial Board , Star Tribune
  • Updated: November 27, 2013 - 6:18 PM

Even at $13 billion, deal with government can’t make up for losses.

  • 20
  • Comments

  • Results per page:
workforit1Nov. 28, 13 4:43 PM

The ignorance of this article I can't even begin to address. Yes, it was all the banks, all "Wall Street". This might work when you are talk to the average democratic uninformed voter, but for people who actually know what happened, this is far from the truth. Do you know who should be prosecuted, is the dregs of society that walked away from their mortgage (after not paying it for 3 years and saving up a nice nest egg to go buy another house with better interest rates). The lack of morals we have seen come about in this new wave of entitlement is sad for me and many other Americans to watch. Our grandparents are rolling over in their grave watching the actions of this generation and the MSNBC crowd. Truly as sad day for anyone who loves and respects the freedoms we have, and those who fought to give them to us. The American dream was never promised to anyway, only the opportunity. When half these people took out a mortgage they knew they could not afford and then walked away from it.... that has noting to do with JP Morgan.

17
34
cashncareyNov. 28, 13 6:15 PM

And where is the justice to those defrauded by the democrats on Obamacare? Shouldn't those that sold this fiasco be held responsible for their dishonest and fraudulent actions?

18
24
bogie246Nov. 28, 13 6:22 PM

Finally in the last paragraphs of this disingenuous Strib editorial board's article they acknowledged the government's push for home ownership. They never mentioned the liberals responsible for it...Dood and Frank. JPM's involvement was minuscule compared to the governments. Then they fine JPM and would have to bail it out if it failed. Can't make this up.

14
24
jdlellis1Nov. 28, 13 6:49 PM

Where the Editorial Board should have started was by "blasting" Congress, primarily Democrats, for strong arming financial institutions into injecting unrealistic policies to ensure home owner equality which included those who would be a financial risk.

17
22
erikj3Nov. 28, 13 7:09 PM

Jamie Dimon belongs in jail.

17
14
bootsy07Nov. 28, 13 7:58 PM

Another point totally ignored in the article is the fact that US government officials, specifically treasury secretary Hank Paulson and co. cajoled and encouraged JP Morgan to absorb the failing Bear Stearns, preventing it from complete collapse. How rich that the government later turns around and massively fines JPM for wrongdoing by Bear Stearns. Don't look for any private banks to step up the next time another firm is in trouble.

16
20
jeff57flNov. 28, 1310:56 PM

This editorial is pure liberal whitewash. The shareholders of JPMorgan were mugged. Can someone with one ounce of business sense join your pathetic editorial board.

16
17
kallman11Nov. 29, 13 6:19 AM

I wonder what kind of fine the DOJ will fine Obama for knowingly misleading the public about ACA, the economy, Benghazi, the IRS, Syria, Libya, etc., etc.

10
15
texas_technomanNov. 29, 13 6:52 AM

Don't worry, they can write it off on their taxes. The real crooks are the guys who played the derivatives game with those worthless mortgage assets...when that collapsed the house of cards was flattened.

12
4
otvallsNov. 29, 13 7:30 AM

The government asked JP Morgan to take over Bear Stearns & Washington Mutual and then punishes Morgan for the misdeeds perpetrated by these companies. This is not right.

10
16

Comment on this story   |  

ADVERTISEMENT

  • about opinion

  • The Opinion section is produced by the Editorial Department to foster discussion about key issues. The Editorial Board represents the institutional voice of the Star Tribune and operates independently of the newsroom.

  • Submit a letter or commentary
Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT