MONDAY OCTOBER 27
FBI Unearths Tapes In Probe Of JPMorgan

While JPMorgan has been one of the big winners in the subprime debacle, the long arm of the law seems hell-bent on nailing it for something. Here, the story out today that divulges the contents of a tape recording from Feb. 19, 2003, in which a now-deceased bond lawyer tells Philadelphia treasurer that JPMorgan is pushing swaps to generate fees. (Or, as he puts it, “they don't watch your back...If there was an issue between whether to do a bond deal or a swap, they gonna take the swap, even though it may not be the best thing…'')

October 2008

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