JPM Sued on Mortgage Bonds

7:31 PM ET Tue, 2 Oct 2012

New York Attorney General Eric Schneiderman is suing JPMorgan alleging widespread fraud that the Bear Stearns business JPMorgan took over in 2008 defrauded mortgage-bond investors. Mike Ozanian, Forbes Magazine; Rep. Bill Pascrell (D-NJ); former Virginia Governor Jim Gilmore (R); and Steve Malanga, Manhattan Institute, weigh in.