JPMorgan to pay $5.1 billion to Fannie Mae, Freddie Mac over mortgages

‘…JPMorgan Chase has agreed to pay $5.1 billion to resolve claims that it misled  Fannie Mae and Freddie Mac about risky home loans and mortgage securities it  sold them before the housing market collapsed..

‘but then

‘..But no high-level Wall Street executives have been sent to  jail over charges related to the financial crisis. And the banks in all the SEC  cases were allowed to neither admit nor deny wrongdoing — a practice that  brought criticism of the agency from judges and investor advocates. That has  triggered public outrage. Some lawmakers and other critics demanded..’

 

JPMorgan to pay $5.1 billion to Fannie Mae, Freddie Mac over mortgages

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