Readers need more facts to put news in perspective

11/22/2013 2:10 PM

11/22/2013 1:03 PM

Re "Giant bank to pay billions" (Page A1, Nov. 20): I am continually troubled by the sensational headlines echoed across the majority of news media and lack of objective perspective concerning those headlines. For instance, we are told JPMorgan Chase is facing a $13 billion fine, the largest fine in history. Compared to what? What was the previous largest fine? Is the number inflation adjusted? I had to go online to find out from a Huffington Post article that this "largest fine in history" represents two-thirds of one year's net profits and that JPMorgan has been able to set aside $23 billion for such an event. Please give us more facts so readers can draw their own conclusions as to how punitive this settlement really is.

-- Fred Sage, Orangevale

Editor's Choice Videos

 

Join the Discussion

The Sacramento Bee is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Terms of Service