“Money Honey” Maria Baritomo, back when she was hosting at CNBC, called it a “witch hunt.” Godfather Jamie Dimon himself said, “Banks are under assault,” from regulators, as he longed for the good old days when he could go about his illegal activities without anyone bothering him.
“In the old days, you dealt with one regulator when you had an issue, maybe two, and now it’s five or six. You all should ask the question about how American that is,” he said on Wednesday as his company stashed away another $1.1 billion in legal reserves for alleged foreign exchange market manipulation.
Worldwide legal claims for all banks have risen to $178 billion at the end of the third quarter of 2014, according to Boston Consulting Group.
