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All Posts Tagged Tag: ‘subprime loans’

JP Morgan Chase and US Justice Department Cut $13 Billion Deal as America Suffers

The ongoing Kabuki theater between Big Government and Big Finance took a new turn on Saturday, when it was announced that JPMorgan Chase & Co, one of the top 10 banks in the world, has struck a preliminary $13 billion deal with the US Justice Department. The deal will quietly mothball Federal investigations into hyper-destructive mortgage loans the bank sold …

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