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Jpmorgan chase is juggling. A 6 billion settlement with Institutional Investors is in the works and criminal charges may still be filed in california. The bank is under investigation on so many fronts its hard to keep them sorted out, everything from the deceptive sales in its credit card unit to Bernie Madoffs ponzi scheme to the criminal manipulation of Energy Markets and the bribing of chinese officials. Nor is Jpmorgan Chase the only culprit under scrutiny. Bank of america was found guilty just this week of civil fraud, and eight other banks are being investigated by the government for mortgage fraud. No wonder wall streets camp followers at fox news, the wall street journal, cnbc and other cheerleaders have ganged up to whitewash the banks. This could be the biggest egg yet across the smug face of unfettered, unchecked, unaccountable capitalism. Lets sort this out with someone who covers wall street without fear, favor or flaming headlines. Gretchen morgenson has been called the m
Agreeable to most of the parties at the table. But its not a killer number. The wall street journal and others are saying that what the government is doing is a witch hunt. Theyre shaking down jpmorgan. Theres no doubt that there was wrongdoing. They wouldnt be at the table negotiating if there was no wrongdoing. And its just a matter of what price each party is willing to pay or receive. So, a shakedown to me would seem that jpmorgan was innocent of any of the accusations. And we know that not to be true because of what has come out in the private litigation, because of what weve seen in the courts so far. Defenders of jpmorgan and of jamie dimon will say there were no criminal cases because there were no crimes. These guys were bending the rules just a little bit. Thats the way the game goes. Eric holder in fact has said that. You know, their behavior was amoral, their behavior as ugly, you know, but perhaps it wasnt criminal. Well, i dont know about you, bill, but i dont really have
But first, Kristin Fisher back from the north want to kick off our hour. Good afternoon. Right now President Trump is wrapping up a roundtable down in florida with a group of venezuelan americans and hes really using the crisis in that country, the devastating impact of the socialist regime to attack his 2020 opponent joe biden. Joe biden and the radical left are trying to impose the same system im a socialism plus, in america. Biden is a puppet of bernie sanders, joe biden has pledged to reinstate the procommunist policies of the obamabiden administration, procommunist policies, the deal he made with cuba is ridiculous, its ridiculous. But yesterday when joe biden unveiled his economic plan in pennsylvania he used some language that sounded very trumplike. The president has been talking about the Great American comeback, joe bidens tagline is now build back better. Now, joe biden is using that same buy american message. It starts with a basic idea, when we spend taxpayers money, the f
Lies. Everybody knows hes a liar. But you agree. Dont ever use the word smart with me. Dont ever use that word. Give me a break. You know what . Theres nothing smart about you, joe. Under this president , weve become weaker, sicker, poorer, more divided and more violent. You agreed with Bernie Sanders on a plan. Folks that absolutely do you have any idea what this clown is doing . Mr. President are you in favor of law and order . Im in favor of law. Are you in favor of law and order . Yes. Let him finish. Im not going to answer the question. Why wont you answer that question . The question is radical left. Will you shut up, man . Who is on your list, joe . Youre the worst president america has ever had. Come on. Throughout the debate, the president interrupted Vice President biden and Moderator Chris Wallace over and over. At times all three men were talking over one another. President called biden a disaster. Biden called the president a racist and a clown. There were real issues that