In late November, J.P. Morgan, the Justice Department and other agencies reached a $13 billion settlement over practices involving mortgage securities. Three days later, J.P. Morgan?s General Counsel, Stephen Cutler, participated in a panel discussion hosted by a trade group named The Clearing House. According to a November 25 article in the The Wall Street Journal, Mr. Cutler remarked, ?At what point does this stop?,? referring to fines for J.P. Morgan and other banks.
In late November, J.P. Morgan, the Justice Department and other agencies reached a $13 billion settlement over practices involving mortgage securities. Three days later, J.P. Morgan?s General Counsel, Stephen Cutler, participated in a panel discussion hosted by a trade group named The Clearing House. According to a November 25 article in the The Wall Street Journal, Mr. Cutler remarked, ?At what point does this stop?,? referring to fines for J.P. Morgan and other banks.
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