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Posts Tagged ‘mortgage fraud at Bear Stearns’

How Bear Stearns Really Screwed Investors

Posted by Larry Doyle on November 12th, 2012 8:57 AM |

The Wall Street Journal reports this morning that JP Morgan will merely pay a fine for transgressions that occurred at Bear Stearns prior to the large money-center bank’s life-saving takeover of the former Wall Street broker.

With merely a fine to be paid, global investors and American taxpayers are once again left scratching their heads wondering if the transgressions involved happened without any sort of meaningful human involvement. I mean, how is that JP Morgan will pay a fine likely in the hundreds of millions of dollars and not one single individual is likely to face the music? More on that in a second. What today’s WSJ report and many other reports fail to identify is what really happened at Bear Stearns. Let’s navigate.

Investors got screwed by the actions at Bear Stearns in two ways:¬† (more…)






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