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Real Estate & Property Law

: The Home Equity Theft Reporter

'Bear' E-Mails Describing Mortgage Securities Peddled To Institutional Investors As A "Sack Of Shi*" May Leave JP Morgan Chase Holding The Bag

By r morris

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Investigative reporter Terri Buhl writes in The Atlantic:Former Bear Stearns mortgage executives who now run mortgage divisions of Goldman Sachs, Bank of America, and Ally Financial have been accused of cheating and defrauding investors through the mortgage securities they created and sold while at Bear. According to e-mails and internal audits, JPMorgan had known about this fraud since the

Full post as published by The Home Equity Theft Reporter on January 27, 2011 (boomark / email).

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