Why the Latest Banking Lawsuits Completely Miss the Point

By Matt Koppenheffer, David Hanson, and Alison Southwick – Aug 8, 2013 at 5:03PM

NYSE: JPM

JPMorgan Chase

Market Cap

$557B

Today's Change

(0.41%) $0.79

Current Price

$194.16

Price as of April 26, 2024, 1:35 p.m. ET

Is this Justice Department witchhunt all for show, with no hope of ever really punishing those responsible for the financial crisis?

In this segment from The Motley Fool's everything-financials show, Where the Money Is, banking analyst Matt Koppenheffer rants about the wave of legal claims regarding pre-crisis financial shenanigans.

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Alison Southwick has no position in any stocks mentioned. David Hanson owns shares of JPMorgan Chase. Matt Koppenheffer owns shares of Bank of America and JPMorgan Chase. The Motley Fool recommends and owns shares of Bank of America. It also owns shares of JPMorgan Chase. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.