JPMorgan's $7 Billion In Penalty Payouts Dwarfed By Monstrous Profits

[The Straight Story]

JPMorgan Chase's $410 million deal to settle charges it manipulated electricity markets in California and Michigan brings the amount the bank has paid in fines and settlements in the past couple of years to nearly $7 billion.

That may sound like a lot, until you consider the metric bronto-tons of money the bank has made during that time (story continues below):

To put JPMorgan's profit in more perspective, consider it would take a little more than three months of work to cover the banks' $7 billion tab in fines and settlements. It would take the bank about 5.5 days to pay off that $410 million FERC settlement.

But still, the sheer number of the bank's regulatory and legal mix-ups is pretty impressive. The Daily Beast recently did the hard legwork of compiling all of these settlements into one helpful post, and I have spent countless seconds taking the Daily Beast's hard work and turning it into an infographic that might help you visualize just how many of these things there have been so far. You're welcome, America. (Story continues after super-helpful infographic.)

charts and story here:

http://www.huffingtonpost.com/2013/07/31/jpmorgan-7-billion-settlements-fines_n_3683519.html

[msongs]

1. why not when AG Holder says big companies can get away with crime nt