TODAY'S PAPER
48° Good Morning
48° Good Morning
OpinionLetters

Letter: Disappointed in JP Morgan decision

A branch of JPMorgan Chase bank in Manhattan.

A branch of JPMorgan Chase bank in Manhattan. JPMorgan was Bernie Madoff's primary bank in the later years of a multidecade fraud that ended in 2008 when he revealed to the FBI that his investment advisory business was a Ponzi scheme. (Jan. 6, 2014) Credit: EPA

I read where JP Morgan Chase & Co. graciously agreed to pay $2 billion for turning a blind eye toward the Bernard Madoff Ponzi scheme ["JP Morgan to pay $2B in Madoff case," News, Jan. 8].

Well, that's not enough. This money, in the end, will be paid by the stockholders.

What about the bigwig corporate executives who received multi-millions of dollars in bonuses while this was going on? Shouldn't they be made to forfeit and return that money? They certainly did not earn it.

Ed Fremer, Sound Beach
 

Columns