JPMorgan CEO says foreclosure deal threatened ( by Obama Task Force) [View all]
Why am I having a hard time believing this???
Thu Jan 26, 2012 10:32am EST
(Reuters) - JPMorgan Chase & Co Chief Executive Jamie Dimon said President Barack Obama's decision to expand investigations into home lending and sales of mortgage securities could stop settlement talks with the states over foreclosure practices.
"It has a pretty good chance of derailing it," Dimon said in a televised interview with CNBC from Davos, Switzerland on Thursday.
Obama, in his State of the Union address Tuesday, said he has asked his attorney general to create a special unit of prosecutors to expand investigations into home lending and packaging of mortgage-backed securities. It is not clear how the new unit will be different from earlier investigations.
http://www.reuters.com/article/2012/01/26/us-jpmorgan-foreclosure-idUSTRE80P0UC20120126
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