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CNN Legal View With Ashleigh Banfield April 29, 2015 16:49:00 - Vimarsana News

CNN Legal View With Ashleigh Banfield April 29, 2015 16:49:00

Traced back to the police custody death of freddie gray. ten days ago. the allegations of police brutality in baltimore are not new. i want you to look at statistics if you could. the past four years alone the city of baltimore settled more than 100 police brutality cases to the tune of more than $6 million. talking about lawsuits filed by people with broken bones and shattered faces, they say at the hands of baltimore police. the mayor says that she is actually proud of the figures because she says that these are fewer, fewer instances of lawsuits, since she took office. mark dug up the resea...

Detailed text transcripts for TV channel - MSNBC - 20131023:07:49:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20131023:07:49:00

That were carried out before the financial crisis by bear stearns and washington mutual, a lot of it is and remember that jp morgan bought this almost from zero. so they assumed the liability and these are settlements from deeds they went before. >> so the point is that the book was built, the book of business that was jp morgan, was built and they made a lot of money in the run up to the crisis, during the subprime period. my understanding that the d oj -- under, in the midst of the crisis, jpmorgan chase acquired washington mutual. washington mutual did a lot of shady stuff. they assumed tha...

Detailed text transcripts for TV channel - MSNBC - 20131023:03:50:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20131023:03:50:00

And they made a lot of money in the run up to the crisis, during the subprime period. my understanding that the doj -- under, in the midst of the crisis, jpmorgan chase acquired washington mutual. washington mutual did a lot of shady stuff. they assumed that business. can you clarify this for me? this settlement doesn't actually touch the washington mutual stuff? >> i don't know all the details, but i do think it's important to realize that this is probably not different in kind than a lot of the activity that we have seen in courts a and in settlements today. this is probably different in deg...

Detailed text transcripts for TV channel - MSNBC - 20131023:00:50:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20131023:00:50:00

Can you clarify this for me? this settlement doesn't actually touch the washington mutual stuff? >> i don't know all the details, but i do think it's important to realize that this is probably not different in kind than a lot of the activity that we have seen in courts a and in settlements today. this is probably different in degree. but let's take a step back. during the crisis, you had some 20% or 30% of housing value in the country decline. which meant that $5 trillion $6 trillion disappears. the rating agent -- everyone has been suing everyone else for five years. and when you have between...

Detailed text transcripts for TV channel - MSNBC - 20131021:20:44:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20131021:20:44:00

A tentative $13 billion settlement. if finalized, the largest penalty against a bank since the 2008 financial crisis. and yet many are saying that this punishment against jp morgan stanley chase for its roll in sales is simply not enough. some feel that there needs to be a face to this crime, and that that face should be jpmorgan's ceo, jamie dimon. and while this settlement doesn't necessarily close the door on criminal charges, if history is any indicator, it seems unlikely. for his part, well, mr. dimon, doesn't seem too concerned at all. >> we're gaining market share, doing great stuff, tr...