The DOJ gives up the ability to prosecute JP Morgan The settlement between JPMorgan Chase and the Justice Department has been reported at $13 billion, for charges that Chase sold toxic mortgage-backed securities that fueled the financial crisis of 2008. The reported $13 billion amount is a misrepresentation of the actual figure by the Justice…
The Dept. of Justice will let JP Morgan’s London Whale off the hook while prosecuting low-level traders.
Bill Black: Judge rules that Flagstar, a big mortgage lender that gave “liars loans”, is liable to insurance company – same issues at stake in Bank of America case