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Government Plans To Sue More Wall Street Banks

Tuesday, October 2, 2012 - 1:27 PM
Wall Street banks should be prepared for more lawsuits, a taskforce of federal and state investigators said Tuesday.

The warning came one day after New York Attorney General Eric Schneiderman sued JPMorgan Chase-owned Bear Stearns, alleging that bankers committed systemic fraud against investors. The suit was the government's latest attempt to hold the big banks accountable for the financial crisis.

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Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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