JPMorgan Feigns Injury From Lawsuit Pinprick

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JPMorgan Feigns Injury From Lawsuit Pinprick

JPMorgan Feigns Injury From Lawsuit Pinprick

Bloomberg-

New York State Attorney General Eric Schneiderman’s fraud lawsuit against JPMorgan Chase & Co. for the misdeeds that occurred at Bear Stearns Cos. has sent exactly the wrong message to Wall Street: Don’t worry, you can get away with seemingly criminal behavior.

And yet JPMorgan — the bank that bought the stock of Bear Stearns in March 2008 with a $30 billion assist from the U.S. government — is offended. The suit alleges that Bear Stearns’s bankers and traders manufactured and sold about $20 billion of mortgage-backed securities containing home loans they knew were fraudulent. What JPMorgan objects to is that the government asked it to buy Bear Stearns “over the course of a weekend” to help keep the financial system from collapsing, and now, more than four years later, it has the temerity to sue.

[BLOOMBERG]

image: prioritarian.com

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One Response to “JPMorgan Feigns Injury From Lawsuit Pinprick”

  1. Joe says:

    HURRY THE FINANCIAL SYSTEM IS GOING TO COLLAPSE. WHAT A JOKE. AND THE GOVERNMENT RUNS TO THEIR RESCUE. IT’S MORE LIKE HURRY THE BANKS THAT ARE RUN BY CRIMINALS IS GOING TO COLLAPSE HURRY SAVE THE CRIMINAL BANKS. SO THEY CAN RUN OUT AND BUY ANOTHER YACHT. THIS COUNTRY IS RUNNED BY A BUNCH OF IDOTS. HOW ABOUT DOING SOMETHING ABOUT THESE COURTS AND JUDGES THAT ARE THROWING. FAMILIES ON THE STREET. AND THESE BANKS DON’T HAVE ANY LIGITAMENT PAPER WORK

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