Los Angeles Business Journal

J.P. Morgan Haunted by 2006 Decision

Wednesday, November 20, 2013

The biggest-ever settlement between the government and a U.S. company grew out of the Justice Department's discovery of a 2006 meeting in which executives for J.P. Morgan Chase & Co. decided to continue selling shoddy mortgage securities, despite red flags that officials say should have prevented the offerings, the Wall Street Journal reports.