JPMorgan Based Foreclosures on Faulty Documents, Lawyers Claim

Discussion in 'Wall St. News' started by ASusilovic, Sep 27, 2010.

  1. They've all been doing it.

    Did you know Lehman is still in the business? They're the biggest crooks out there.
  2. LeeD


    Given the number of invoved mortage servicing companies, this is pretty much a good summary of the article.
  3. are they?
  4. LeeD


    Most divisions of Lehman were quickly bought up by other banks - together with offices, staff and client lists. Shareholders (including Lehman employees with bonuses locked up in Lehman shares) got wiped out. So, did clients who were unlucky to hold money with Lehman, such as money market funds (they may receive part of their money back in a few years when "liquidation" is complete and remaining money is accounted for)... but the music for the most part keeps playing.