JP Morgan Chase agrees to $13B settlement:

The thieves in corporate America must be making a bundle to be able to afford fines of this magnitude and still keep their doors open.

WASHINGTON: The Justice Department and JPMorgan Chase & Co. have reached agreement on all issues in a $13 billion settlement of a civil inquiry into the company’s sales of low-quality mortgage-backed securities that collapsed in value during the 2008 financial crisis, CBS News has confirmed.

Market Watch: The five biggest fines ever paid by corporate America.

BP: paid out 4 billion in fines in connection with the Gulf oil spill. The oil company also agreed to a $525 million settlement to resolve civil charges with the Securities and Exchange Commission for lying to investors about how much oil flowed into the Gulf during the spill. Lying; does that sound familiar??

GlaxoSmithKline:  Drug maker GlaxoSmithKline coughed up $3 billion to the government in what could be the largest health-care fraud settlement in the U.S. history. Glaxo pleaded guilty to misbranding the drug Paxil for treating depression in patients under age 18, which the drug had not been approved for.

Instead of the drug magnate being truthful about the performance of their drugs they choose to potentially harm the public instead of labeling their drugs with the correct information. The lied about it.

Big Tobacco: Fined $206 billion. I can still see all of the heads of the tobacco companies on TV being grilled by congress as to the harmful effects of smoking. They all lied through their teeth. Lying, does that sound familiar?

The tobacco companies had to pool all of their funds together and come shooting with a $206 billion settlement. In addition to the billions in reparations, the tobacco companies agreed to change the way they marketed tobacco products and to finance anti-smoking campaigns.

CR Intrinsic: Fined $616 Million. CR Intrinsic Investors, an affiliate of billionaire Steven Cohen’s SAC Capital Advisors, had a fine totaling more than $600 million in March to settle civil actions over alleged insider trading. Insider trading. Isn’t that a form of lying and cheating?

HSBC: Fined $1.9 Billion. Now this is a standup company. They are so low that they aided and abetted drug cartels by laundering billions of dollars for them.

There is something that has never been made clear to me. What happens to all of the money/fines paid to the government? Is it put into the general fund as they claim or is someone lying about that too?

We all know what the “general fund” is right? I know but I am not permitted to divulge its existence; I am invoking “executive privilege.”

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