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
Chart: Winter really is baby-making time
Ana Swanson
No more
Know more
Map: Where carbon emissions are the greatest
Ana Swanson
ADVERTISEMENT
No more
Know more
Compared with other countries, Americans don’t spend that much on taxes
Ana Swanson
No more
Know more
Map: More than half of states are weighing new limits on LGBT rights
Ana Swanson
No more
Know more
The reasons 439 commercial planes have crashed since 1993
Ana Swanson
No more
Know more
Which subway system is the largest: New York, Beijing or Shanghai?
Ana Swanson
No more
Know more
Imagining a data-driven tombstone for the modern age
Ana Swanson
No more
Know more
What the movies get wrong about drug use in America
Ana Swanson
No more
Know more
How does Obama’s approval rating compare with past presidents?
Ana Swanson
No more
Know more
Room service in New York is ridiculously expensive
Ana Swanson
No more
Know more
Why the era of great housing deals may be officially over
Ana Swanson