JPMorgan Covered Up Bad Loans, Emails Show

Lawsuit alleges that firms smoothed over analysis to boost profit

By Kevin Spak,  Newser Staff

Posted Feb 7, 2013 8:37 AM CST

(Newser) – JPMorgan Chase papered over or ignored analysis showing that the loans it was pumping into the financial system were "defective," according to emails and other documents filed as part of a lawsuit against the company. In September 2006, an outside assessment found that...   Read full story »


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