Warren Pushes Bill Shedding Light On How Much Firms Really Pay In Government Settlements

In November 2013, JPMorgan Chase & Co. agreed to pay the U.S. government a record $13 billion over its sales of essentially worthless mortgage-backed securities to unsuspecting investors in the lead-up to the 2008 financial crisis. But the megabank could deduct a full $11 billion of that fine from its taxes, as was widely reported at…