Documents in JPMorgan settlement reveal how every large bank in U.S. has committed mortgage fraud | The Real News Network

This’ll be the first installment in what can we learn from the statement of facts that constitutes JPMorgan’s admissions. This in that settlement that the Department of Justice is billing as the $13 billion settlement. As I’ve explained in the past, it’s not that big, but it’s still quite large in dollar terms. And we owe a debt of gratitude to Judge Rakoff, who’s been giving the Securities and Exchange Commission a hard time about settling cases and getting absolutely no useful admissions from the people that perpetrated the frauds.

Source: The Real News Network

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s