Pulitzer Prize-winning columnist rips Justice Dept. for not bringing JPMorgan Chase to trial

By Arturo Garcia
Friday, October 25, 2013 17:44 EDT

Pulitzer Prize-winning financial columnist Gretchen Morgenson criticized the Justice Department’s $13 billion settlement with JPMorgan Chase in an interview with Bill Moyers released Friday, arguing that it is far from an example of a government crackdown on financial industry malfeasance.

“If the Justice Department were being tough on Wall Street, they would be bringing criminal cases,” Morgenson said on Moyers & Company. “They would not be talking about settlements. They would be talking about bringing criminal cases against individuals who helped to perpetrate this immense crisis. So to say that $13 billion is finally the Justice Department’s getting religion, I’m just not a buyer of that.”