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 […]

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