Fox News and the Wall Street Journal are shocked, shocked, to learn that JPMorgan will have actually have to to pay money for the shenanigans they — and the institutions they bought — engaged in.
Dear WSJ — it's not "confiscation" when they defrauded institutional investors, causing massive losses (and, in some cases, the need for federal bailouts that cost far more than the fines involved here). That includes when it was done in part by businesses that JPM acquired (Bear Sterns and WaMu). When you acquire a company's assets, you acquire its liabilities, too. That's actually Business 101 stuff, right there.
Reshared post from +Media Matters for America
After JPMorgan Chase was hit with a record fine, apologists for the bank crawled out of the woodwork to whine about it on Fox.
“Medieval Justice”: Right Wing Media Attack DOJ Over Historic JPMorgan Settlement
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