The person close to the talks told CBS News’ Stephanie Lambidakis that the tentative settlement was sealed Friday during a 6 p.m. phone call between Attorney General Eric Holder and JPMorgan CEO Jamie Dimon along with their top lawyers.
$13 billion is a lot of money for most corporations so this settlement had to hurt JPMorgan. But what I don’t understand is that the agreement was “sealed”. That means that no one can see what actual agreements were made. I am a firm believer that the government does the people’s business. In that light they represent all of us. So why can’t we as their clients see the details of the settlement? Seems kind of strange to me. If I were a conspiracy guy I would be putting out all kinds of allocations. 🙂