CEO of JP Morgan Chase
Whether you have been following banking institutions during this whole recession or not, it’s pretty safe to say that all eyes have been on those who received money during the bailout. It seems like life was going very well for CEO Jamie Dimon as he was able to navigate his bank through the financial crisis reportedly never posted a negative quarter during that time, and even gaining the respect and attention of President Obama. But my how things can quickly change as JP Morgan Chase will have to pay a $13 billion fine to Uncle Sam for their involvement in bad mortgage investments prior to the housing market downfall back in 2008. Some however question if this particular fine was justified or sour grapes.