Attorney general meets with JPMorgan's Dimon

[cali]

JPMorgan chief executive Jamie Dimon met Thursday with Attorney General Eric Holder about an investigation into the company's handling of mortgage-backed securities in the run-up to the recession.

Holder declined to characterize the discussions, but a government official familiar with ongoing negotiations said an $11 billion national settlement is under review to resolve claims against JPMorgan.

"I did meet with representatives of JPMorgan," the attorney general said during a news conference being held on another topic.

"We have matters that are under investigation. I expect to be making further announcements in the coming weeks, the coming months," Holder said. His comment was a general reference to probes the Justice Department has been carrying out for several years involving some of the nation's largest financial institutions, including JPMorgan.

Before and after the meeting with Holder, Dimon declined to answer when asked about the state of the discussions.

<snip>

http://www.usatoday.com/story/money/business/2013/09/26/holder-dimon-jpmorgan/2877143/

[dixiegrrrrl]

1. When the Gov't is short of money, even the banskters are not safe.

I was curious as to how and when this would happen.
But even more curious as to how JP will be able to actually come up with any money, assuming their will be actuall fines and this is not another book keeping game.

[Buns_of_Fire]

2. It would be nice to think they were discussing when Dimon will surrender

to federal marshals to begin serving his prison sentence. But we know better, don't we?

My guess is that they were either (1) negotiating the fine ("Is $11 billion too much, Jamie? We can lower it, if you want. Just tell me how much you want to pay.&quot or (2) conducting an informal interview for Holder's post-Washington career. Maybe both at the same time.

What, ME cynical?

[mindwalker_i]

3. The meeting that really should happen

is between the AG's foot and Dimon's nuts. Make it a weekly meeting and schedule it up on Outlook.

[Guy Whitey Corngood]

4. Meanwhile in an alternate universe:

http://www.comedycentral.com/video-clips/3vk26x/chappelle-s-show-tron-carter-s-law---order

[Cali_Democrat]

5. Justice Department opens investigation into JP Morgan Chase manipulation of energy markets.

http://www.democraticunderground.com/10023493385

Notice the few replies. It doesn't fit the narrative so people avoid the thread.

[Cali_Democrat]

6. JP Morgan Chase (the nation's largest bank) is being investigated by the DOJ over mortgages

http://www.democraticunderground.com/10023424028

Just two replies for that one.

[Cali_Democrat]

7. JPMorgan faces criminal and civil probes over mortgages

http://www.democraticunderground.com/10023424416

Just 6 replies

[Cali_Democrat]

8. Bank Of America Goes To Trial Over Mortgage Fraud Charges - Reuters/HuffPo

http://www.democraticunderground.com/10023724279

Also very few replies.