17. November 2012 03:32
JP Morgan Chase and Credit Suisse pay $416.9m in penalties over mortgages
Fines and compensation are related to mortgage bond losses regarded as the 'ground zero' of the global financial crisis
They proved it was fraud in a court of law.......they proved a crime was committed.......but no charges, no arrests. The banks were allowed to settled without admitting wrongdoing. And the last sentence in the article says....."JP Morgan had in June 2011 agreed to pay $153.6m to settle a separate SEC fraud case over its sale of mortgage securities to investors, also without admitting wrongdoing."