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JP Morgan Chase to Pay $2 Billion in Madoff-Related Case

Monday, January 06, 2014

JP Morgan Chase CEO Jamie Dimon Testifies At House Financial Services Hearing (Chip Somodevilla/Getty)

JPMorgan Chase will be paying out millions to the government in settlements related to the Bernie Madoff Ponzi scheme. Reuters Finance Blogger Felix Salmon explains why and what it means for the bank.

Guests:

Felix Salmon

Comments [2]

John A

As much as I hate fees, this one is about 80 million Times anything I've had to pay. Turbabout is fair play?

Jan. 06 2014 11:23 AM
RUCB_Alum from Central New Jersey

Isn't that the same Jamie Dimon who told a journalist, "Average journalist salary is only $31,000. What does that tell you? There are too many journalists."

I'd say there are too many quasi-legitimate, ethics deprived 'suits' whose compensation packages are way out of whack to the value they bring to their employers.

Jan. 06 2014 11:15 AM

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