We found out today what can happen when you are a top nuncio who openly bashes the obama administration. It will cost a company. The legal costs in defending itself in a slew of federal investigations will total at least an astonishing 23 billion could go even higher. This for a bank that our government thought necessary to raise billions of taxpayer dollars to bailout. The banks chairman and Ceo Jamie Dimon has been one of the few bold enough to criticize the white house Economic Policy which has made him a target of sorts. With me now, former goldman vicepresident who is now a scholar and a liberal think tank. And neil weinberg, editorinchief of american banker. To start this off of what you to look at something. We want to make a chart of the different agencies investigating jpmorgan. There are so many we could not fit them all on the same screen. And look at this next screen. Five more. Ten agencies. That does not even mention the fha or the many state investigations. Now the wall
Saying the attacks on personal information tied the markets are just the tip of the iceberg. Security experts telling leaders of the retailers could be coming out with similar reports about reaches over the same time. Connell we have talked a lot about it on our show. Remember the hackers stealing nearly 15 million credit and debit card numbers, tjx 20052007, then it went on from there. Best buy, j. C. Penney, on and on, similar experiences or infiltrations in recent years and you add to the more recent newsweek and there are the stock prices we had today, jamie dimon, tip of the iceberg. Dagen you covered online attacks and cyberattacks, what do you think of the way they handled it . The breadth of the attack at target was breathtaking for sure. Connell normal people are affected by it, companies go on about how theyre prepared for it but in some cases they are not, theyre not staying ahead to the latest on technology and a guy yesterday using new technology having to work in some of