In a nearly $13 billion settlement with the US Justice Department in November 2013, JPMorganChase admitted that it, along with every other large US bank, had engaged in mortgage fraud as a routine business practice, sowing the seeds of the mortgage meltdown. JPMorgan and other megabanks have now been caught in over a dozen major frauds, including LIBOR-rigging and bid-rigging; yet no prominent banker has gone to jail…

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http://www.blacklistednews.com/JPMorgan_Chase_Engaged_in_Mortgage_Fraud._The_Securitization_Fraud_That_Collapsed_the_Housing_Market/33364/0/0/0/Y/M.html