Daily Archives: October 2, 2012

John Gapper

In a sense, the complaint brought against JPMorgan Chase for bad behaviour in the mortgage market is history. It concerns Bear Stearns, the ill-fated investment bank acquired by JPMorgan in spring 2008 as the financial crisis broke out.

But the suit from Eric Schneiderman, the New York attorney-general, which is part of a broader regulatory initiative to crack down belatedly on mortgage securitisation abuses, is still a fascinating portrayal of how bad things got. Read more

How much sex are management consultants getting? I ask only because House of Lies, the US television series about Galweather & Stearn, supposedly the US’s number two firm, suggests they are getting a lot, and in combinations and locations that testify to the profession’s reach and ingenuity.