Thank you, sir, may we have another

The punishment for doing the (good) deed--at the behest of then NY Fed chief Tim Geithner--has been decided, but that only whets the appetites of the powerful;

J.P. Morgan Chase reached a tentative deal this weekend to pay $13 billion to end a number of civil investigations into its sale of mortgage securities before the 2008 financial crisis, but a separate and potentially more serious criminal probe into the bank and its executives will continue.

The Justice Department, convinced it has strong evidence related to the bank's conduct and eager to send a message to Wall Street, rebuffed repeated attempts by J.P. Morgan to settle the criminal investigation without admitting wrongdoing and agreed only to resolve the civil investigations. It also threatened last Thursday to file its civil case this coming Wednesday if the two sides can't reach a final deal, said people close to the talks.

The proposed pact includes $4 billion to settle claims by the Federal Housing Finance Agency that J.P. Morgan misled Fannie Mae ...and Freddie Mac about the quality of the mortgage securities it sold them, another $4 billion in consumer relief, and $5 billion in penalties paid by the bank, according to people familiar with the deal. But the two sides remain apart on several issues related to the civil settlement, including whether the bank should have to admit that it didn't follow its own due-diligence standards in packaging the mortgages into securities it could sell, according to people familiar with the discussions.

Securities rated by agencies approved by the same Federal government, in accordance with the internationally approved Basel Accords.