Schneiderman's Loaded for Bear; CFPB's Surprising Target
10/02/12
Receiving Wide Coverage ... A Bear of a Case: In the first action by his task force on mortgage securitization fraud, New York Attorney General Eric Schneiderman sued JPMorgan over bonds that Bear Stearns sold before JPM acquired it. Naturally, the complaint quotes from embarrassing, obscenity-laced emails, and one Bear Stearns trader allegedly coined a phrase that would make Henry Blodget blush (the Huffington Post saw fit to put this innovation of profanity in its headline)....
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