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"Generally speaking, emails are great for lawyers," said Charlie Munger yesterday. JPMorgan...

"Generally speaking, emails are great for lawyers," said Charlie Munger yesterday. JPMorgan (JPM) emails released as part of an MBS lawsuit show the bank (along with WAMU and Bear Stearns) systematically papering over, rather than disclosing things like fraudulent appraisals and unworthy borrowers on home mortgages. A great look into how the sausage got made.
Comments (3)
  • Wait until all the good stuff about setting up Washington Mutual for a midnight takeover Putch. JPMC and the FDIC secretly worked together for over a year to sink WAMU. By the the time JPM took over WAMU on September 25, 2008, WAMU was totally infiltrated with a fifth column of JPM people put there to take WAMU down.
    7 Feb 2013, 08:26 AM Reply Like
  • not only emails but social networking sites are gold mines for lawyers. Ask anyone who's gotten a divorce or been sued lately!
    You won't find this writer on facebook, twitter, or linkedin, etc.
    7 Feb 2013, 08:42 AM Reply Like
  • kind of like getting a wiretap into a mob collections depot.

     

    in my dreams, rico takes them all and their fortunes, and even the stockholders of these pirate banks and their enablers like s&p are made to pay back.

     

    ugly though it is, corporations must be brought under control. it is now obvious we can't allow them to police themselves. only a zombie can now support such a position.
    7 Feb 2013, 09:47 AM Reply Like
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