Posted on November 16, 2012

Actually, I suspect this is a drop in the bucket compared to what they’ve stolen from us. ~J

JP Morgan Chase and Credit Suisse have agreed to pay over 400 million US dollars in a settlement with the Securities and Exchange Commission over the banks’ handling of subprime mortgages. JPMorgan agreed to pay $296.9 million to settle the charges and Credit Suisse agreed to pay $120 million. Neither of the banks admitted or denied guilt.