POLITICS
10/02/2012 09:45 am ET

Schneiderman Sues JPMorgan Chase; Lawsuit Mirrors Old Cases

Late yesterday, New York Attorney General Eric Schneiderman filed a lawsuit made up of years-old evidence against JPMorgan Chase, over deceptive practices related to the sale of $87 billion in Bear Stearns mortgage-backed securities at the height of the housing bubble. The lawsuit is closely modeled after one brought against the same defendants by the mortgage bond insurer Ambac, a suit written by a current Executive Deputy Attorney General for Economic Justice in Schneiderman’s office.

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Economic Predictions That Were Blatantly Wrong (Or Have Blatantly Yet To Come True)

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