Its just money….
See how this works out:
A colossal legal settlement between the U.S. government and JPMorgan Chase — at $13 billion, the largest of its kind in American history — was announced Tuesday by New York Attorney General Eric Schneiderman.
The long-awaited deal settles a Department of Justice lawsuit against the megabank over its alleged mishandling of toxic mortgage-backed securities, which helped bring about the catastrophic 2008 financial crisis.
The largest U.S. bank by assets, JPMorgan has spent this year fending off attacks from federal law enforcement, housing regulators and private banking firms alike. It set aside a $23 billion cushion for legal fees, but that cushion is now nearly deflated.