JPMorgan says it’s being investigated by Justice Department over mortgages

williams11-150x150Washington Post
Mark Williams, School of Management

JPMorgan Chase, the nation’s largest bank, said Wednesday it is being investigated by the civil and criminal divisions of the Justice Department over the sale of mortgage-backed securities in the lead-up to the financial crisis…

Expert quote:

“The language these banks understand is dollars. The more they have to pay, the more pain they feel. And that may be the deterrent they need.”

View full article