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    Back to To the Point

    To the Point

    JP Morgan's $13 Billion Deal and Accountability on Wall Street

    JP Morgan Chase has agreed to pay $13 billion to avoid civil charges over troubled mortgage investments. Is Wall Street beginning to pay a price for the Great Recession?

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    By Warren Olney • Oct 23, 2013 • 51m Listen

    JP Morgan Chase has agreed to pay $13 billion to avoid civil charges over troubled mortgage investments. CEO Jamie Dimon and Attorney General Eric Holder worked out the deal personally. Is it evidence of a cozy relationship, or is Wall Street beginning to pay a price for the Great Recession? Also, Health and Human Services Secretary Sebelius under fire over healthcare's problem-plagued insurance exchange, and watching rare birds on the California Condor-Cam.

    Banner image: Jamie Dimon (L), chairman and CEO of JP Morgan Chase, is questioned by journalists as he and other CEO's arrive at the White House on October 2, 2013, for a meeting of the Financial Services Forum with President Barack Obama. Photo: Jason Reed/Reuters

    In this episode

    3 stories
    1. 0:00

      Health Secretary Sebelius Under Fire

      The Secretary of Health and Human Services is taking political heat for the troubled online roll-out of the Affordable Care Act. On CNN, she dismissed Republicans' calls to resign, "My job is to get this fully implemented and to get the web site working right. And that's really what I'm focused on…I work at the pleasure of the President.

      Read the story
      8 min
    2. 8:15

      JP Morgan Chase: A Record Penalty or a Get-Out-of-Jail-Free Card?

      What does it take to get America's biggest bank to agree to what looks like the biggest civil penalty in American history?  Four hours before the Justice Department was planning to announce civil charges against JP Morgan Chase, the CEO Jamie Dimon called an aide to Attorney General Eric Holder.

      Read the story
      36 min
    3. 44:11

      Condor Cam Goes Live in Big Sur

      The California Condor is a vulture and America's largest bird. After almost becoming extinct, condors have been raised in captivity and released to the wild. Now, in the remote reaches of Central California, there's a video camera where scientists can watch them feed.

      Read the story
      8 min
    • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

      Warren Olney

      former KCRW broadcaster

    • KCRW placeholder

      Andrea Brody

      Senior Producer, KCRW's Life Examined and To the Point podcast

    • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

      Anna Scott

      Former KCRW Housing and Homelessness Reporter

    • KCRW placeholder

      Katie Cooper

      Producer, 'One year Later'

      NewsNationalPolitics

    In this episode

    3 stories
    1. 0:008 min

      Health Secretary Sebelius Under Fire

    2. 8:1536 min

      JP Morgan Chase: A Record Penalty or a Get-Out-of-Jail-Free Card?

    3. 44:118 min

      Condor Cam Goes Live in Big Sur

    Back to To the Point