Justice JPMorgan Chase settles. Is $13 billion for role in mortgage crisis fair? (+video)

JPMorgan Chase admits its employees misled investors by bundling mortgages in securities they knew were rocky. But critics of the record fine say most of the fraud occurred before the bank took on other firms' troubled assets and legal jeopardy.

By , Staff Writer

Seth Wenig/AP

In a single deal dwarfing any other in American history, the US Justice Department announced a $13 billion civil settlement with JPMorgan Chase Tuesday – restitution stemming from the bank’s questionable mortgage-bundling practices that helped plunge the country into the Great Recession.