The Bear Stearns purchase comes back to haunt again as JPMorgan (JPM) is sued by the National...

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor

The Bear Stearns purchase comes back to haunt again as JPMorgan (JPM) is sued by the National Credit Union Administration over the sale of $3.6B in toxic MBS during the property bubble. Last month, the bank settled with the SEC for $297M over the alleged MBS malfeasance of Bear Sterns.