Just under two months ago, when the $13 billion settlement for JP Morgan Chase was coming down the chute, word leaked out that that the deal was no sure thing. Among other things, it was said that prosecutors investigating Chase’s role in the Bernie Madoff caper – Chase was Madoff’s banker – were insisting on a guilty plea to actual criminal charges, but that this was a deal-breaker for Chase.
via The Rumored Chase-Madoff Settlement Is Another Bad Joke | Matt Taibbi | Rolling Stone.
