JP Morgan pays up to end CDO mis-selling case

The SEC has announced that it has settled a CDO mis-selling case with JP Morgan

Comment by: Anonymous. Posted 12 years ago [2011-06-23 21:02:27]

While I consider the ProPublica articles on this deal to be "innuendo compounded by gossip", it does look like JPM and other bankers forgot what investment banking was supposed to mean in 2007 and earlier. An investment banker should actually believe the deal he/she is selling is a good deal for the investor. Imagine that!