ALJAZAM Real Money With Ali Velshi November 20, 2013
Join us on twitter at aj real money. Americas biggest bank makes history by signing off on americas biggest legal settlement ever bin a single entity. Jp morgan paid to pay a whooping 13 billion to resolve claims over the sale of toxic securities that helped implode the Financial System back in 2008. 8 billion will go to settle claims made by various federal agencies. Another 1 billion will go to five states who sued the bank. But heres what may be the most interesting part. 4 billion will go to consumer relief. Of that 4 billion, half will go towards actually reducing the principle on jp morg...