Oct
25
2013

CNN Host Sticks Up for the Biggest Bank

Erin Burnett (cc photo: mroach)

Before she was a reporter, CNN host Erin Burnett worked on Wall Street. Evidently she still sees things from that perspective.  On October 21, Burnett took time on her show OutFront to criticize the Justice Department's reported $13 billion settlement with JPMorgan Chase. The bank is apparently ready to settle over a variety of claims relating to mortgage securities and the 2008 economic collapse.  To Burnett, this is the government punishing success–and making the bank pay for things it didn't even do:  This is all related to mortgage-backed securities and bad mortgages. It's a hell of a lot of money, […]