Friday, 15 July 2011

Dimon Says Bad-Mortgage Clash to Intensify as ‘Everybody Is Going to Sue’

JPMorgan Chase & Co. (JPM) Chief Executive Officer Jamie Dimon said clashes over faulty mortgages may drag on as investors and regulators demand compensation for soured loans issued at the peak of the housing market. “There have been so many flaws in mortgages that it’s been an unmitigated ...

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