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:
No more
Know more
Max Ehrenfreund
No more
Know more
Max Ehrenfreund
ADVERTISEMENT
No more
Know more
A graph that shows when it’s O.K. to date someone younger than you
Max Ehrenfreund
No more
Know more
Ebola could sicken between 77,181 and 277,124 people in 2014 if trends continue
Max Ehrenfreund
No more
Know more
Where do America’s foreign students come from?
No more
Know more
Janette Hong
No more
Know more
Which countries have the highest rates of suicide
Max Ehrenfreund
No more
Know more
Seeing music: The Moonlight Sonata, charted
Max Ehrenfreund
No more
Know more
Max Ehrenfreund
No more
Know more
The cities where rent, utilities and furniture are most expensive
Max Ehrenfreund
No more
Know more
Max Ehrenfreund