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.