JPMorgan Chase Engaged in Mortgage Fraud. The Securitization Fraud That Collapsed the Housing Market

BlackListedNews · 03-04-2014, 01:10 PM

In a nearly $13 billion settlement with the US Justice Department in November 2013, JPMorganChase admitted that it, along with every other large US bank, had engaged in mortgage fraud as a routine business practice, sowing the seeds of the mortgage meltdown. JPMorgan and other megabanks have now been caught in over a dozen major frauds, including LIBOR-rigging and bid-rigging; yet no prominent banker has gone to jail.

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03-04-2014, 01:10 PM	#1
BlackListedNews Senior Member Join Date: Aug 2013 Posts: 12,733 Rep Power: 58	JPMorgan Chase Engaged in Mortgage Fraud. The Securitization Fraud That Collapsed the Housing Market In a nearly $13 billion settlement with the US Justice Department in November 2013, JPMorganChase admitted that it, along with every other large US bank, had engaged in mortgage fraud as a routine business practice, sowing the seeds of the mortgage meltdown. JPMorgan and other megabanks have now been caught in over a dozen major frauds, including LIBOR-rigging and bid-rigging; yet no prominent banker has gone to jail. http://feedproxy.google.com/~r/black...Q1Vlejo/M.html