We caught up with Danielle Park today to discuss the latest developments on Wall Street and Main Street. Seems that JP Morgan will be coughing up at least another $13 billion in fines for yet another case of wrong doing involving mortgage backed securities. But it’s okay, because the bank has a net worth of over $200 billion so they’ll be just fine. If you live in New York and wonder why your cigarettes cost $10 a pack, look no further than Wall Street and those wonderful tobacco lawsuit settlements. Seems more people are quitting that awful habit than orginally expected, leaving the dwindling pool of smokers to pay off the bonds that rely upon tobacco sales. So if you hate Wall Street, quite smoking.
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