William Black is reported to be in talks with California $ 9.2 billion settlement . JP Morgan Chase says if reports are correct , the public and shareholders will not see justice . Reports say U.S. criminal probe will continue , but it 's not clear what may result , he says . Black : Shareholders pay bonuses to execs who profit from frauds , then pay the fines .
JP Morgan Chase is reported to be in talks with U.S. over $ 13 billion settlement . William Black says if reports are correct , the public and shareholders will not see justice . Reports say California criminal probe will continue , but it 's not clear what may result , he says . Black : Shareholders pay bonuses to execs who profit from frauds , then pay the fines .