JP Morgan $13 Billion Settlement is Actually $6 Billion (VIDEO)
By lucas@endneoliberalism On 23 Oct, 2013 At 11:41 AM | Categorized As Neoliberal Alert, Taxes | With 0 Comments

Life is good for criminal banksters in America. The company that should face criminal charges for selling toxic mortgage-backed securities that fueled the financial crisis of 2008 is getting part of its multi-billion dollar settlement paid by the public. Loan workouts will reduce the settlement to $9 billion and tax-deductions will reduce it further to $6 billion, explains economics and law professor William K. Black.

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Picture credit: Mike Licht CC BY 2.0

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