They'd definitely factor in the cost of the fines when calculating their criminal doings. Disgusting.
Repeatedly fining JPM has proven to be a significant revenue stream for the US Govt. Why would they shut them down? Be like killing the Goose that laid the golden eggs.
Forward to 5m30s - Greg Hunter on form... US$22.7BN in fines/restitution for civil AND CRIMINAL charges + losses IN THE LAST YEAR [youtube]http://www.youtube.com/watch?v=LEgh6wYgwvA[/youtube] "How does Jamie Dimon still have a job?" Fair question.
"On Second Thoughts, JPMorgan Executive Won't Advise Commodities Regulator" Oh LOOKEE!!! Blythe Masters now WON'T be on the US Govt panel advising on commodities regulation LOLOLOL! I wonder WHY she wasn't a fit & proper person to have onboard!>!>!>!>!>? TEENY WEENSY CONFLICT OF INTEREST PERHAPS?!?!?!?!?!?!?!?!? http://www.businessweek.com/article...e-won-t-advise-commodities-regulator#r=hpt-fs START That didn't take very long. Blythe Masters, the JPMorgan Chase (JPM) commodities chief whose responsibilities include a unit that was involved in a $410 million settlement with regulators, has withdrawn from an advisory committee to the top U.S. commodities regulator. Her role on the Commodity Futures Trading Commission panel had become known only yesterday. JPMorgan agreed to the paymentthe largest penalty in the regulator's historyin July to resolve Federal Energy Regulatory Committee allegations that the bank manipulated energy markets over a three-year period, without admitting or denying guilt. Masters oversaw the unit at the heart of the matter. The CFTC said yesterday that Masters had joined its Global Markets Advisory Committee, made up of executives at major banks, hedge funds, exchanges, and other financial institutions. The response online was scathing. "The Farce Is Complete," read the headline on Zero Hedge, a popular industry blog. "This certified commodity market manipulator just got a job with none other than the head commodity regulators in the US?" END
