JPMorgan Sued By NY AG Over "Shit-Breathing" Bear Stearns RMBS Fraud | ZeroHedge

Mike

Oct. 2 (Bloomberg) -- New York State Attorney General Eric Schneiderman talks about the lawsuit filed against JPMorgan Chase & Co. for alleged mortgage fraud and the possibility of further suits. Schneiderman accuses the bank's Bear Stearns unit, which JPMorgan bought in 2008, of using "deceptive" practices in selling hundreds of billions of dollars in mortgage bonds. He speaks with Bloomberg Television's Erik Schatzker. (Source: Bloomberg)

Bloomberg Video

Mike

J.P. Morgan Ordered to Pay $18 Million to Oil Heiress's Trust - NYTimes.com

[charts]JPM[/charts]

Mike

I've been long JPM for a while, and intend to hold for a while longer.



Mike

Justine smokes JP Morgan CEO - C-SPAN Video Library

Mike

JPMorgan CFO Braunstein may step down | Reuters

Mike

https://www.twitter.com/Street_Insider/status/264477822939181056

[charts]jpm[/charts]

[charts]met[/charts]

Mike

I see JPM as a bank that has prospered out of the collapse vs not failing or making it thru it. JPM was just a normal bank as far as I knew not too long ago and now they are losing "billions" in a single whale trade. I think they are on their way towards being a GS. The stock price is up no more than $10 dollars from where it was in '04.

Im a 24 yr old student that has been following the markets since the '07 collapse.

[charts]jpm[/charts]

Mike

[charts]jpm[/charts]

Ouch, JPM agrees to $13 billion settlement...

Quoting 

WASHINGTON, Oct 19 (Reuters) - JPMorgan Chase & Co has reached a tentative $13 billion agreement with the U.S. Justice Department to settle a range of mortgage issues, a source familiar with the talks said on Saturday. The tentative deal does not release the bank from criminal liability, a factor that had been a major sticking point in the discussions, the source said. As part of the deal, the bank will continue to cooperate in criminal inquiries into certain individuals involved in the conduct at issue, the source, who declined to be identified. Officials at JPMorgan and the Justice Department declined to comment. A breakthrough in the weeks-long talks came Friday night, after Attorney General Eric Holder and JPMorgan Chief Executive Jamie Dimon spoke on the phone and the bank agreed to leave criminal liability out of the settlement, the source said. The bank and the Justice Department have been discussing a broad deal that would resolve not only a civil investigation into mortgage securities that the bank sold in the runup to the financial crisis, but also similar lawsuits from the Federal Housing Finance Agency, the National Credit Union Administration, the state of New York and others. Reuters reported late Friday that JPMorgan and FHFA had reached a tentative $4 billion deal. That agreement is expected to be part of the larger $13 billion settlement. JPMorgan is seeking a single settlement to resolve all claims from federal and state agencies over its mortgage-related liabilities stemming from the bust in house prices.

Mike