Daily Archives: January 10, 2014, 9:51 am

Wall Street Predicts $50 Billion Bill to Settle U.S. Mortgage Suits – NYTimes.com

Wall Street could pay nearly $50 billion to buy peace from federal authorities who are taking aim at the banks over their role in the mortgage crisis, according to interviews and a confidential analysis of the industry’s potential legal exposure. Bracing for a potential reckoning, the banks and their outside lawyers are quietly using JPMorgan Chase’s record $13 billion mortgage…

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