JPMorgan Chase is reportedly close to finalizing a settlement over accusations regarding its knowledge and suspicions of Bernie Madoff's crimes. One Fool summed it up this way:
It's a nice headline I guess, but JP Morgan getting fined is like Congressional gridlock in DC: get used to it. $JPM— Jason A. Moser (@TMFJMo) January 6, 2014
In this segment of The Motley Fool’s financials-focused show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson are joined Motley Fool One analyst Morgan Housel to discuss this tweet and two others.
David Hanson owns shares of JPMorgan Chase. Matt Koppenheffer owns shares of JPMorgan Chase. Fool contributor Morgan Housel has no position in any stocks mentioned. The Motley Fool owns shares of JPMorgan Chase. Try any of our Foolish newsletter services free for 30 days. 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.