"JPMorgan will pay $5.1 billion to settle Fannie Mae and Freddie Mac claims"
"The FHFA alleged JP Morgan misled Fannie and Freddie about the quality of mortgages it sold to them during the housing boom. The settlement included $4bn to end a lawsuit over securities disclosures and $1.1bn covering mortgage repurchases."First of all, that kind of puts to rest the myth that Fannie and Freddie were the culprits in all this, and Jesus Man, how many billions does Jamie Dimon get to rip-off before he's held to the same justice as some poor, unemployed guy who gets sentenced for shoplifting? That son-of-a-bitch cost me tens of thousands of dollars! I'll buy the other guy a fucking loaf of bread.
