US Investigating Banks’ Pre-recession Deals

JP Morgan Chase is trying to cut a deal with the U.S. government. The bank has agreed to pay the government a $13 billion penalty for its previous shady business practices, and has requested that the government end companion criminal investigation that centers on the quality of securities it sold to investors, including thousands of home loans that borrowers are defaulting on.  Fortunately, the government has refused this bid, and is still continuing its investigation into JP Morgan Chase as well as other major banks.  This recession has caused many economic issues to arise, and many people point the finger at large banks, who are not altogether blameless.  How these investigations can effect the banks and subsequently their customers remains uncertain.