Jon Stewart on the JP Morgan mortgage securities fraud settlement

Last week, we posted about JP Morgan's tentative agreement with the
federal government to pay $13 billion to settle claims
that it knowingly sold faulty mortgage securities that contributed to
the financial crisis. The Wall Street Journal's editorial page and other members of the conservative press responded to the agreement by calling it a shakedown by the White House against poor JP Morgan. Watch Jon Stewart's hilarious and pointed response to the shakedown argument here or by clicking on the embedded video below. His use of clips featuring CNBC stock market "analyst" Jim Cramer are particularly entertaining.


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