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Dimon heads into meeting with Holder

  • Jamie Dimon has arrived at DOJ headquarters in D.C. for a meeting with Attorney General Eric Holder amid rumors of an $11B global settlement for past mortgage-related abuses at JPMorgan (JPM +0.8%).
  • The DOJ has at least 7 ongoing probes underway against the bank.
  • A sticking point of talks is not just the dollar amount, but also whether the bank is willing to admit wrongdoing in exchange for the dropping of criminal charges, reports the WSJ.
Comments (12)
  • Sad that this guy and others will never be prosecuted.
    26 Sep 2013, 09:59 AM Reply Like
  • Who, Holder?
    26 Sep 2013, 10:07 AM Reply Like
  • HEHE BOTH!
    26 Sep 2013, 10:15 AM Reply Like
  • Believe me, the last thing they want to do is to admit wrongdoing. They can pay DOJ/SEC in Billions to settle the probes, only under the condition they do NOT admit any wrongdoing.
    26 Sep 2013, 10:27 AM Reply Like
  • Admitting wrongdoing opens the door for civil suits and legal hassles forever.

     

    Never make a deal with the government. It never turns out.
    26 Sep 2013, 03:12 PM Reply Like
  • It seems like this would be the perfect time to slap the cuffs on him.
    26 Sep 2013, 11:02 AM Reply Like
  • JPM is getting screw!! It's that easy. The gov't need money and they will get it any way they can and they are!
    The founders of the housing failure started with the gov't!
    26 Sep 2013, 11:37 AM Reply Like
  • Just someone who is sad to see what is happening in this country. I had typed the word, screw and it should have been screwed.
    26 Sep 2013, 11:39 AM Reply Like
  • Will be interesting to see how much funding JPM provides Democratic campaigns in upcoming elections, probably a significant increase over past contributions.
    26 Sep 2013, 12:07 PM Reply Like
  • Like all 7 recessions since 1968, the Great Recession was caused by the Fed's inversion of the Treasury yield curve from Aug '06 to May '07 (and never did they invert the curve *without* a subsequent recession).
    Like the vast majority of business persecutions since antitrust began in the 1890s, this is merely another case of feeble government cannibals requiring scapegoats instead of honestly admitting responsibility for anything.
    BTW, where will the extorted billions go? To the faceless (non-existent) victims? LOL
    26 Sep 2013, 12:49 PM Reply Like
  • Illegal govt shakedown, holder is a crook.
    26 Sep 2013, 02:05 PM Reply Like
  • That's what JPM gets for contributing to the Obama campaign. Past CEOs like Patterson, Page and Preston are probably rolling over in their graves.
    26 Sep 2013, 03:03 PM Reply Like
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