David Dayen: How America’s Biggest Bank- JPMorgan Chase Paid its Fine for the 2008 Mortgage Crisis—With Phony Mortgages! Alleged fraud put JPMorgan Chase hundreds of millions of dollars ahead; ordinary homeowners, not so much.

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Moved to Garfield’s Blog:

Not enough attorneys have included their state AG in the defense action, and fail to quote the National Mortgage Settlement terms, or OCC Consent Orders in detail. Forged documents ought to raise to the level of fraud on the court, right?

But let’s not let our legislators off the hook, either. Why have they all failed to pass a bill to mandate all endorsements be dated. In the words of Ina Garten, “how simple is that?”

1 thought on “David Dayen: How America’s Biggest Bank- JPMorgan Chase Paid its Fine for the 2008 Mortgage Crisis—With Phony Mortgages! Alleged fraud put JPMorgan Chase hundreds of millions of dollars ahead; ordinary homeowners, not so much.”

  1. The bank CEO’s of all the big banks have no shame and certainly are of criminal intelligence in my opinion. The banksters used the modification to create false defaults. There in not one peel of the onion they missed a step to scam the world.

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