Banks remain a law unto themselves

Last week, JP Morgan Bank struck an outline deal to pay $13bn to the US government to settle a civil case about aspects of its behaviour during the financial meltdown, writes Tom McGurk.

27th October, 2013

Last week, JP Morgan Bank struck an outline deal to pay $13 billion to the US government to settle a civil case about aspects of its behaviour during the financial meltdown, a massive sum representing more than 60 per cent of its annual profits. In the US, there is at least some accountability for negligent lending. Here, a significant Irish legal voice has at last publicly asked questions about our total failure as a country...

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