October 18, 2012 — Letter to the Editor of the Wall Street Journal by Phil Angelides — Your Oct. 8 editorial “Biting the Bank That Saved You” misses the mark in criticizing the lawsuit alleging mortgage securities fraud brought by New York Attorney General Eric Schneiderman against J.P. Morgan. That action rightly seeks redress for allegedly improper … Continue reading
Tagged with Bear Stearns …
CURRENT TV | Will the JPMorgan fraud lawsuit be the first of many on Wall Street?
October 9, 2012 — Phil Angelides, former chairman of the Financial Crisis Inquiry Commission, delves into the fraud lawsuit being brought against JPMorgan with “Viewpoint” host Eliot Spitzer. New York Attorney General Eric Schneiderman has brought the case, which alleges that Bear Stearns — purchased by JPMorgan in 2008 — deceived investors when it sold … Continue reading
Angelides Statement Regarding the Mortgage Securities Fraud Lawsuit Filed Today by New York Attorney General Schneiderman
“Today’s legal action by New York Attorney General Eric Schneiderman alleging fraud at Bear Stearns is an important step forward in holding financial wrongdoers accountable and in deterring future wrongdoing. As the lawsuit indicates, the official report of the Financial Crisis Inquiry Commission contained detailed evidence on the improper conduct of Wall Street in the … Continue reading
