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  • Thurston County ARC Agreement Now Official

    arc signing1A formal signing of the ARC ‘Letter of Intent’ took place Friday at the Accountability and Resource Center (ARC) with Thurston County Commissioners and Sheriff John Snaza. The agreement clears the way for the Thurston jail to open.… Read More +

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  • Lawmakers Celebrate Hawks Ahead Of Super Bowl

    Hawkington2The Washington state Senate passed a resolution honoring the Seattle Seahawks as they prepare to play the New England Patriots in Super Bowl XLIX. The resolution was passed Friday, and many lawmakers on the floor were wearing Seahawks jerseys,… Read More +

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  1. Daybreak
  2. Legislative Linkup
  • Baker Signed To Minor-League Deal

    marinersSThe Seattle Mariners have signed catcher John Baker to a minor-league deal with an invite to spring training. The Mariners announced the signing Thursday after Baker's physical. He is expected to compete with Jesus Sucre for the backup job playing behind starter Mike Zunino.

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JPMorgan Chase Eyes Record Settlement

b_250_0_16777215_00_images_obgrabber_2013-09_be48132f9f.jpgPeter Foley/Bloomberg via Getty Images (NEW YORK) -- The massive fallout from the bursting of the housing bubble more than five years ago continues to rumble through the banking system. JPMorgan Chase is in talks to make the largest-ever payment in the history of financial regulation to settle government investigations into its sales of mortgage-backed securities in the years leading up to the financial crisis.

The bonds tanked after the housing bubble burst, and the bank has resisted admitting guilt. Published reports say the huge deal would involve $7 billion in cash to the government and $4 billion in consumer relief for struggling homeowners. The agreement, which could be signed within days, involves multiple government agencies.

The $11 billion payment would be far higher than the initial amount the bank offered to pay the government earlier this week. And it also would be more than double the previous record when BP paid out $4.5 billion following criminal charges related to the Gulf of Mexico oil spill.

When he sued JPMorgan Chase last year, New York Attorney General Eric Schneiderman said the bank had committed “multiple fraudulent and deceptive acts” as it sold mortgage backed securities.

Copyright 2013 ABC News Radio

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Tweets

helloross
helloross - Yes, I bought this @Seahawks balloon at the super market because I know what's up. #GOHAWKS instagram.com/p/ygQVaPRRe8/

Retweeted 2 hours ago

nfl
nfl - .@WWEDanielBryan took over the @Seahawks Twitter handle for a #12sQA. Yes. Yes! YES: at.nfl.com/sohdklG pic.twitter.com/h6y8kPWZRG

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SnoCoSheriff
SnoCoSheriff - East County swing shift crew shows their #12thman spirit on #BlueFriday #GoHawks pic.twitter.com/JQuPil6Qpq

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USCGPacificNW
USCGPacificNW - Love your #CoastGuard? Thank Bertholf & Kimball. Their idea 100 years ago brought us about → goo.gl/yeKX4B pic.twitter.com/MRrF1ev9zN

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