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December 18, 2014
Truthdig: Drilling Beneath the Headlines
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Tag: Us Justice Department


BP and the Three Stooges Defense

Although U.S. District Judge Carl Barbier found BP liable for “gross negligence” last week, some U.S. media failed to mention that he let BP off the hook on punitive damages. And that stuns me, given that the record seems to identify enough smoking guns to roast a sizable pig.

Posted on Sep 11, 2014 READ MORE



Damian Gadal (CC BY 2.0)

JPMorgan Chase on Verge of $13 Billion Deal on Bad Mortgages

The U.S. Justice Department and the mega-bank have struck a tentative $13 billion deal to settle investigations into bad mortgage loans JPMorgan sold to investors in the lead-up to the financial crisis, a person close to the talks said Saturday.

Posted on Oct 20, 2013 READ MORE


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