If there is one thing you can always count on from CNBC anchor Maria Bartiromo,it's the fact that she is always going to carry water for her buddies over on Wall Street and her appearance on this Sunday's Meet the Press was no exception.
Bartiromo is apparently very distraught about the news that JP Morgan Chase is on the verge of having to pay a $13 billion fine, and may be facing criminal charges and other law suits as well. The reason she gives... job creation. That's right, never mind whether or not they broke the law and the damage that was done by the financial crisis. Laws are for little people, don't you know. According to Bartiromo, this is yet another reason for businesses to sit on their hands and hoard their cash -- they're all afraid of being prosecuted like Jamie Dimon and JP Morgan Chase. Who knew so many more of them had a reason to worry about going to prison or being sued as well?
Bartiromo had some help from her enabler David Gregory, who also did his best to take up for poor downtrodden Jamie Dimon. How terrible that all of the mean old hippies are picking on him:
DAVID GREGORY: I wanted to introduce something, Maria. You know, we talk about big accomplishments in the administration, a second term agenda. Part of that agency we're seeing play out real-time with this big news people are waking up to about JP Morgan. A huge settlement, $13 billion with a B, in a tentative deal with JP Morgan to settle a lot of the civil litigation that responds to whether they sold subprime loans into the marketplace to Fannie and Freddie. But this goes to a larger point, which is this reckoning for Wall Street that's finally happening that a lot of liberals have been cheering for.