Mea culpa is a Latin phrase that translates into English as "through my fault". It is repeated three times in the prayer of confession at the Catholic Mass: mea culpa, mea culpa, mea maxima culpa — "through my fault, through my fault, through my most grievous fault".
JPMorgan agrees $13 billion settlement with U.S. over bad mortgages
NEW YORK/WASHINGTON (Reuters) – In late September, JPMorgan Chief Executive Jamie Dimon walked into the office of U.S. Attorney General Eric Holder.
"We’re willing to take our lumps," he said, according to a person briefed on the matter.
"We don’t think there were serious mistakes made," he added, in a meeting he had requested with Holder.
Jamie Dimon has no problem in making huge sums of money and giving up only a portion to pay the U.S. Government as a “settlement” of misdeeds. It is just another line item of expense on JP Morgan’s financial statements. In the meantime, he has been given and retained his performance bonuses while millions of homeowners have suffered a gross injustice. His Board and major investors are all culpable for this lawlessness. This article is timely as it is a witness to my earlier post about the Truth. The homeowners settle for a pittance while Dimon boasts about his savvy business practices. No jail time for the bankers! Anyway, not yet.
See: http://finance.yahoo.com/news/jpmorgan-says-mea-culpa-13-002829603.html