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FBC Countdown To The Closing Bell November 19, 2013

Jpmorgan shareholder, its the fine print. What concessions, what did jpmorgan concede it did wrong, and if it did concede it did something very bad agreed to fraud that it was culpable this some way, that the bank itself not just Washington Mutual which it inherited, not just bear stearns which is part of this deal, but jpmorgan itself which sold a lot of bad mortgages, if it did say i did something really bad, this is going to be a hit to shareholders, and i dont think theyre taking this into account right now if we look at a stock chart, shares of jpmorgan were up marginally. But long term is what you have to look for here, its whether they really did concede they did something wrong in this settlement, and that language is not out. Now, is this a done deal . Yes, it is. Eric schneiderman, the attorney general, just front ran the department of justice. Why does he have the authority to do it . Hes head of president obamas
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