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Politics : Mainstream Politics and Economics
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To: Jorj X Mckie who wrote (49702)7/30/2013 1:22:10 PM
From: Broken_Clock  Read Replies (1) of 85487
 
The U.S. Federal Energy Regulatory Commission (FERC) staff has found "eight manipulative bidding strategies" used by a JPM affiliate in 2010 and 2011, the regulator said.
I know. I just make this stuff up.

The bank is expected to pay around $400 million to end the investigation and the settlement could include other payments, according to reports and an industry source.
I'm sure JPM is, out of the goodness of its heart, just paying $400m to help out out Uncle Sam.
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