Years after Bear Stearns debacle, a new suit is brought on firm’s mortgage deals


A link from Nytimes

More than four years after rotting mortgage assets at investment bank Bear Stearns prompted government officials to engineer an acquisition of the firm by JP Morgan Chase, a Federal mortgage task force is suing the bank, alleging “a broad pattern of misconduct in the packaging and sale of mortgage securities during the housing boom,” the New York Times reports.

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