Barney Frank is mad that the NY AG filed a civil suit against JPMorgan Chase for securities fraud

Categorized | STOP FORECLOSURE FRAUD

Barney Frank is mad that the NY AG filed a civil suit against JPMorgan Chase for securities fraud

Barney Frank is mad that the NY AG filed a civil suit against JPMorgan Chase for securities fraud

Reuters-

Democratic Congressman Barney Frank defended the nation’s largest bank on Monday, saying in a statement that the government was wrong to go after JPMorgan Chase & Co for the alleged misdeeds of Bear Stearns.

Frank, the co-author of the 2010 Dodd-Frank financial reform law, said federal and state officials should reconsider holding financial firms liable for the wrongdoing of institutions they absorbed at the government’s urging.

The unusual statement comes after New York Attorney General Eric Schneiderman sued JPMorgan, the nation’s largest bank by assets on Oct. 1 over mortgage-backed securities packaged and sold by Bear Stearns.

A JPMorgan spokeswoman declined to comment.

[REUTERS]

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Comments

comments

This post was written by:

- who has written 8715 posts on FORECLOSURE FRAUD | by DinSFLA.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Contact the author

Leave a Reply

GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Advertise your business on StopForeclosureFraud.com

Archives