The New York Times' spin of the tentative settlement of JPMorgan's latest myriad felonies begins early and runs throughout the article. JPMorgan and Attorney General Eric Holder have reached a common meme on their settlement he Department of Justice (DOJ) and Holder are stalwarts who have demonstrated their toughness and JPMorgan is a model corporate citizen.
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JPMorgan has been shameless and, as The New York Times reports, "At least seven federal agencies, several state regulators and two foreign countries are investigating the bank." But the betting in the business press is that Dimon will survive quite nicely, secure in his roughly $20 million pay and backed by a hand-picked board of directors focused on the bank's still buoyant stock price.
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