So, you know, maybe STOP REPEATING THESE THINGS, as they enable a narrative of the government "getting tough" with JPM
@ddayen So what's the real number, so we can add that to our #JPMonopoly game board? $6B?
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@emptywheel The real number of the $13 billion settlement was $3.5 billion. Would have to go back and see what the rest entails.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@emptywheel the headline number is irrelevant. Pales in comparison to the damage, & just something law enforcement throws together as CYAThanks. Twitter will use this to make your timeline better. UndoUndo
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@emptywheel also will obviously do nothing for deterrent, which is the entire point. -
@ddayen Some of this--especially today's fine--goes right into Treasury's operating budget, right? How much goes to Madoff's victims? -
@emptywheel none of it, there's a private settlement TBA where the victims will get $500 million.
End of conversation
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