Wednesday, February 20, 2013

The Full Feed from HuffingtonPost.com: Justice Department Probing JPMorgan Over Bear Stearns Mortgage Products

The Full Feed from HuffingtonPost.com
The Full Feed from HuffingtonPost.com
Justice Department Probing JPMorgan Over Bear Stearns Mortgage Products
Feb 21st 2013, 00:39

By Karen Freifeld and Aruna Viswanatha

(Reuters) - The U.S. Justice Department is investigating JPMorgan Chase & Co over allegations that Bear Stearns provided misleading information about its mortgage products during the lead-up to the financial crisis, according to people familiar with the matter.

JPMorgan acquired Bear Stearns in a 2008 fire sale encouraged by the government, and has pushed back against various government suits that have sought to hold JPMorgan accountable for the failed investment bank's alleged mortgage-related misconduct.


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