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New York Attorney General sues JP Morgan over Bear Stearns Fraud

NY Attorney General Eric Schneiderman is suing JPMorgan over "multiple fraudulent and deceptive acts" in selling mortgage-backed securities causing losses of over $20bn. The suit appears to be related to conduct at Bear Stearns and is on the back of the monoline insurer lawsuits, and whistleblower affidavits such as the following:

read more (CAUTION: Graphic Language) http://www.zerohedge.com/news/2012-10-01/jpmorgan-sued-ny-ag...



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Bump!

Please Lord let our prayers be answered!

I sure hope he can get 'em

An empire built on fraud, administered from glass towers.