Video explains JPMorgan Chase’s $13 billion settlement and calls for criminal charges

By Eric W. Dolan
Wednesday, October 23, 2013 9:35 EDT
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Alexis of The Other 98 Percent (Screenshot)
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A video published Tuesday on YouTube by the group The Other 98 Percent explains the $13 billion settlement between JPMorgan Chase and the U.S. Department of Justice.

In the video, “Alexis” notes that the settlement will halt multiple investigations into the financial giant, including one criminal investigation.

The company is accused of misleading customers about the quality of its mortgage-backed securities before the financial collapse of 2008.

“Alexis” also notes that JPMorgan Chase’s CEO Jamie Dimon has been holding private conversations with U.S. Attorney General Eric Holder.

The $13 billion settlement does not release the JP Morgan from any criminal liabilities and The Other 98 Percent is urging Holder to file criminal charges against the bank.

Watch video, uploaded to YouTube, below:

Eric W. Dolan
Eric W. Dolan
Eric W. Dolan has served as an editor for Raw Story since August 2010, and is based out of Sacramento, California. He grew up in the suburbs of Chicago and received a Bachelor of Science from Bradley University. Eric is also the publisher and editor of PsyPost. You can follow him on Twitter @ewdolan.
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