Lawsuit alleges the bank took extreme measures to defraud investors, and now JPMorgan may be on the hook
Made up FICO scores? 20-minute speed ratings to AAA? Here's another place government prosecutors like New York Attorney General Andrew Cuomo should look for answers.
Goldman Sachs was not the only investment bank selling the complex securities that ultimately resulted in staggering losses for the German bank IKB. Traders at Deutsche Bank sold similar CDOs without revealing John Paulson's involvement.