(C) A Closer Look at JPMorgan’s $13 Billion Settlement

Banks are supposed to be a financial safe haven: a place to store money and valuables. People trust their banks to secure their checking and savings accounts, handle their loans, and offer reliable investment opportunities such as CDs. That trust usually extends to the stock market too. With only a few notable exceptions – particularly the Great Depression and the much more recent financial crisis of 2008-2009 – investors have long-since believed that financial companies make sure-thing, too-big-to-fail portfolio picks. Yes, they’ve been proven wrong multiple times over by the likes of Bear Stearns, Lehman Brothers, Wachovia, Fannie Mae and Freddie Mac. But then something happens to make investors forget those disappointed dreams, and they go right back to idolizing the financial market. In March 2009, the factor that got […]