Relevant:
- FBI Said to Hunt for Criminal Acts in JPMorgan Bid Probe
- FERC Accuses JPMorgan Chase Of Manipulating Electricity Market
- JPMorgan Chase Must Explain Why It's Not Turning Over Emails In FERC Probe, Judge Says
- Barclays faces record $435 million fine over manipulating US electricity markets
- China probe is latest legal headache for JPMorgan
2013-07-19 — rollingstone.com
``Well, there's some more news about the "good bank" -- Chase is about to pay yet another ginormous settlement for cheating and stealing from the public. According to the Wall Street Journal, the Federal Energy Regulatory Commission (FERC) will fine Chase "close to $1 billion" for manipulating energy prices in Enron-esque fashion in Michigan and California. The story is interesting in itself -- and we'll write more about it later -- but for now, it's just the fact of yet another massive settlement for this bank that's so interesting.''
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