Documents in JPMorgan settlement reveal how every large bank in U.S. has committed mortgage fraud


The Real News Network has the video interview Documents in JPMorgan settlement reveal how every large bank in U.S. has committed mortgage fraud  with William Black.


So the first thing that we have is that there are admissions not just as to JPMorgan in this statement of facts, but also as to Bear Stearns and Washington Mutual. And collectively, of course, we’re talking about three of the largest and most elite financial institutions in the world. And the Justice Department says each of these engaged in fraud, which ought to be sort of the headline news, right, that three of the largest financial entities in the world engaged in pervasive fraud.


The cover-up that is going on here is probably as serious as the cover-up of the Saudi involvement in 9/11. The violence done in mortgage fraud is much more subtle, but it has many more direct victims than 9/11.

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