Skip navigation
No more
Know more

Banks have racked up $95 billion in fines for the housing crisis. But is that enough?

Banks have racked up $95 billion in fines for the housing crisis. But is that enough?

Over the past five years, the U.S. government has become steadily more aggressive at fining banks for their role in the housing crisis.

JPMorgan was the latest target, settling for $13 billion. And there’s more to come: “Bank of America may soon reach a $6 billion settlement with housing regulators,” the Economist reports. “And JPMorgan’s announcement may not stop ongoing criminal probes into its mortgage activities.”

But is that enough? Over at Salon, David Dayen argues that regulators are still going far too easy on the big banks for helping exacerbate the subprime crisis.

Brad Plumer | October 24, 2013 at 4:29 pm
Know more: Everything you need to know about JPMorgan’s $13 billion settlement
No more
Know more
Mammograms are a total waste of your time and money
Max Ehrenfreund
No more
Know more
Guys, this graph of MERS infections is really frightening
Max Ehrenfreund
ADVERTISEMENT
No more
Know more
There is no one living on 47 percent of the land in the United States
Max Ehrenfreund
No more
Know more
Bath towel origami is a thing that exists. Here’s how to do it
Max Ehrenfreund
No more
Know more
A map of the most forgettable states
Max Ehrenfreund
No more
Know more
Max Ehrenfreund
No more
Know more
Don’t like charter schools? Move to the Midwest.
Max Ehrenfreund
No more
Know more
Ryan McCarthy
No more
Know more
Max Ehrenfreund
No more
Know more
Fortune cookies are actually Japanese, and other surprising cookie facts
Max Ehrenfreund
No more
Know more
Subway maps that everyone can understand
Max Ehrenfreund