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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)
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.