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JPM Sued on Mortgage Bonds

Tuesday, 2 Oct 2012 | 7:31 PM ET

New York Attorney General Eric Schneiderman is suing JPMorgan alleging widespread fraud that the Bear Stearns business JPMorgan took over in 2008 defrauded mortgage-bond investors. Mike Ozanian, Forbes Magazine; Rep. Bill Pascrell (D-NJ); former Virginia Governor Jim Gilmore (R); and Steve Malanga, Manhattan Institute, weigh in.