DOJ reportedly pursuing criminal charges against JPMorgan Chase, RBS executives

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DOJ reportedly pursuing criminal charges against JPMorgan Chase, RBS executives

DOJ reportedly pursuing criminal charges against JPMorgan Chase, RBS executives

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U.S. finally targeting individuals for toxic mortgage bonds?

HousingWire-

Following through on policy changes announced earlier this year that opened the door to individuals being held criminally responsible for corporate misconduct that helped cause the financial crisis, the Department of Justice is reportedly pursuing criminal charges against executives at the Royal Bank of Scotland (RBS) andJPMorgan Chase (JPM).

According to a report from the Wall Street Journal, federal investigators are working on establishing cases against the RBS and JPMorgan Chase executives for “allegedly selling flawed mortgage securities,” despite reportedly receiving warnings that they were securitizing too many potentially toxic mortgages.

[HOUSINGWIRE]

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One Response to “DOJ reportedly pursuing criminal charges against JPMorgan Chase, RBS executives”

  1. U.S. finally targeting individuals for toxic mortgage bonds?

    NO it is not.
    At best this may be a U.S. DOJ coverup to prevent the disclosure of the fact that U.S. mortgages have absolutely no connection to toxic mortgage bonds (MBS) (a/k/a: Worthless Junk Bonds).

    “Kareem Salessi 11-25-15”

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