Wednesday, July 31, 2013
Is JPMorgan Worried?
The NY Times thinks it is. They cite the penalty of $410,000,000 paid to the Federal Energy Regulatory Commission earlier this week. Yes, it is the largest penalty the Commission has levied, but it's still just company money; it's not Jamie's personal stash. Yes, the Commission did threaten to hold Blythe Masters, the architect of JP's scheme, individually liable, but backed down from their threat. Yes, JP is being investigated by eight federal agencies, but do you really think anybody will go to jail for all the crimes JP has committed?
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