JPMorgan Said to Reach $13B Deal With DOJ

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Oct. 21 (Bloomberg) –- Bloomberg’s Ryan Chilcote reports on JPMorgan’s $13B Deal with the Department of Justice to end civil claims over its sales of mortgage bonds. He speaks with Anna Edwards and Mark Barton on Bloomberg Television’s “Countdown.” (Source: Bloomberg)

$13 billion.

It may be a template.

The government is prepared to take $12 -- $.12 per dollar.

The regulator that oversees fannie mae and freddie mac a sickly is giving -- is basically giving $4 billion if the deal goes through and that is based on them having $33 billion in mortgage backed securities.

If you look at the banc of america negotiations, mortgage- backed securities we understand they are being asked to pass $6 billion.

That's a $.12 of the dollar seems to be consistent.

The second piece of evidence is ubs paid under $1 billion on $6 billion of mortgage backed securities.

The answer to that is seven.

Jamie dimon had a key role.

It has been big and hands-on.

"new york times" has done great reporting.

He intervened twice.

Four hours before god department justice was going to hold a press -- -- and before the department of justice was going to hold a press conference.

The deputy attorney general, he said perhaps we might should meet in person.

Tough negotiations in a meaningful way.

Her house the -- perhaps when he met with eric holder.

Three days ago, he said "what will it take to get a deal?" eric holder said 13 billion dollars.

Jpmorgan arrays and their bid for $11 billion to $13 billion.

And they're not be any criminal charges.

Jamie dimon waved his wand.

There could be more finds.

More regulation.

According to the new york times, jpmorgan has decided they do not think the government they will end up in charge.

The weight is over we with the bank of israel.

-- wait is over with the bank of

This text has been automatically generated. It may not be 100% accurate.


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