JPMorgan Rivals Face Billions in Damages After MBS Case

David McLaughlin, Bloomberg JPMorgan Chase & Co. (JPM)’s rivals may face government lawsuits claiming tens of billions of dollars in damages tied to investor losses on mortgage bonds after New York’s attorney general filed a fraud lawsuit against the nation’s biggest bank by assets. A state-federal task force set up this year to investigate misconduct in the bundling […]

Why The Staff At The NY AG’s Office Needs To Read Teri Buhl

As word spread today that New York Attorney General Eric Schneiderman had filed suit against JPMorgan over the creation and sale of mortgage-backed securities that were done by Bear Stearns managers before the acquisition of Bear Stearns by JPMorgan Chase, Teri Buhl, the Lois Lane of finance journalism posted an article on her site about breaking […]

debt collectors

Prosecutors Sell their Soul To Debt Collectors

Prosecutors As, “What is thy bidding my Master?” To Debt Collectors   Jessica Silver-Greenberg, NY Times The letters are sent by the thousands to people across the country who have written bad checks, threatening them with jail if they do not pay up. They bear the seal and signature of the local district attorney’s office. […]

Is Romney A Sociopath? Part II: Mitt Screws Over FDIC After Bain Bailout

Mitt Romney’s business model at Bain & Company and Bain Capital The Federal Bailout That Saved Mitt Romney Government documents prove the candidate’s mythology is just that Tim Dickinson, Rolling Stone Mitt Romney likes to say he won’t “apologize” for his success in business. But what he never says is “thank you” – to the […]

Ex-UBS Executive Ghavami Guilty in Municipal Bid-Rig Case

Christie Smythe and Patricia Hurtado, Boomberg Businessweek Ex-UBS AG (UBS) managing director Peter Ghavami and two former colleagues were convicted of rigging bids for contracts for investing proceeds of municipal bond sales. After about two days of deliberations, jurors in New York today found Ghavami, Gary Heinz and Michael Welty guilty of wire fraud conspiracy for […]

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