Schneiderman Explains JP Morgan Chase Suit
After months of working with the federal Residential Mortgage-Back Securities task force, AG Eric Schneiderman is going after one bank for its role in the financial crisis.
He is suing JP Morgan Chase, which bought out Bear Stearns, for allegedly misrepresenting the quality of mortgage-backed loans.
Scheiderman argues that this kind of deceptive practice lead to the collapse of the housing industry and billions of dollars in losses.
| Print article | This entry was posted by Maureen McManus on October 2, 2012 at 8:50 pm, and is filed under Video - Interviews. Follow any responses to this post through RSS 2.0. Both comments and pings are currently closed. |
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