JPMorgan CFO Admits $7 Billion of DOJ Settlement is Tax-Deductible

Mark Karlin @ Buzzflash - To hear the number $13 billion dollars as a fine in the much-leaked-but-finally-announced Department of Justice (DOJ) settlement with JPMorgan Chase is meant to imply that the DOJ is getting tough on Wall Street. After all, $13 billion dollars is a jaw-dropping pile of money.  Read more.