Top Ten Videos to watch

Eric Garner Protests
Justice for Tamir sign held aloft. Stop Mass Incarcerations...
Kym Whitley
Pepsi Super Bowl 50 Halftime Show
Donald Trump's 'Crippled America' Book Press Conference
New Hampshire Primaries
TV One At The 47th NAACP Image Awards
Donald Trump Holds Rally In Biloxi, Mississippi
Behind bars
47th NAACP Image Awards Presented By TV One - Press Room
A Man Operating A Tv Camera
Maurice White
'News One Now' With Roland Martin Taping
Bill Cosby
Activists In Los Angeles Gather To Burn Likenesses Of The Confederate Flag
Flint Firebirds V Windsor Spitfires
CBC Message To America: Rep. Conyers Addresses The Damage Inflicted On Our Communities By Poverty, Mass Incarceration And Lack Of Economic Development
Iowa Caucus Ted Cruz
NewsOne Now NAACP Image Awards Preview
Student sitting at a desk in a classroom
Rahm Emanuel Announces Police Accountability Task Force As CPD Chief Is Fired
Slavery Stock image
The 16th Annual Wall Street Project Gala Fundraising Reception
Ava DuVernay
Roland Martin Blasts Stacey Dash For Comments About BET, Black Networks
President Obama Delivers State Of The Union Address At U.S. Capitol
Ava DuVernay
Leave a comment

JP Morgan Chase & Co

JP Morgan Chase and the Justice Department reached a settlement for $13 billion this week to resolve allegations that the bank knowingly sold faulty mortgage securities, behavior that contributed to the nation’s financial meltdown. It is the largest penalty ever paid to the government by a single company. Among the funds to be paid out are $4 billion worth of aid to distressed homeowners.

Al Jazeera America’s Ali Velshi broke down where the money is going on NewsOne Now with Roland Martin (the Wall Street Journal has a detailed breakdown too).  Velshi also explained why it has been so hard to hold banks accountable for their actions in the years before the financial crisis. “These cases are very hard largely because in many cases laws are not broken; the regulations are just not good,” he said.

However, this settlement is a sign of things to come, Velshi suggested. “The bottom line is, it does appear that the Attorney General and the Securities and Exchange Commission have become much, much more aggressive, and we’ve yet to see if we’ll see any more prosecutions of other banks. But they all did the same things. So if you’ve got JP Morgan on this, can you go after Bank of America? Can you go after Citigroup?”

Hear more in the clip below.

Be sure to tune in to NewsOne Now with Roland Martin, weekdays at 7 a.m. EST.

Also On News One: