“Fraud Was … the F-Bomb”

PBS FRONTLINE – Watch closely – click here.

“To hear some on Wall Street tell it, no one saw the financial crisis coming. As Jamie Dimon, the chairman and CEO of JPMorgan Chase, explained to the Financial Crisis Inquiry Commission, “In mortgage underwriting, somehow we just missed … that home prices don’t go up forever.”  The program in its entirety can be viewed here.  It is definitely a must watch!Frontline 1-22-13 Continue reading