Your Views: Fine of J.P. Morgan amounts to extortion
I feel that the citizens of this country have witnessed the biggest and most outrageous case of extortion that has ever been perpetrated. I refer to this administration’s Justice Department levying the outrageous $13 billion fine against J.P. Morgan Chase bank.
This, after this administration begged J.P. Morgan to take over Bear Stearns, as well as Washington Mutual, as these two firms were ready to go under at the brink of the financial crisis, and that is where most of the troubled mortgage-backed securities emanated from.
I always felt Jesse Jackson was a shakedown artist, but he looks like a saint compared to what our Justice Department just did to J.P. Morgan.