The former congressman says shareholders should get any money left after debts are repaid but has little sympathy for 'vultures.'
Bank must adopt new measures to ensure compliance.
With Fannie and Freddie are being used as a policy tool, investor rights are far down the list.
Politics, not profitability, will determine the outcome for investors in Fannie Mae and Freddie Mac.
A strong difference of opinion remains over whether Dodd Frank fixed Too Big To Fail.
Some observers believe the bank is $16 billion to $22 billion under-reserved for legal risks.
The bank manipulated models and hid losses from regulators and the public, according to the report.
JPMorgan looks set to take a bruising in a Senate hearing on Friday, though it is hard to see anything tangible coming out of it.
McDonald's and Wal-Mart's products are both cheap, but only one chain makes its customers feel that way.
This revealing statement from the JPMorgan Chase CEO deserves more attention than it has received.