E-Mails Imply JPMorgan Knew Some Mortgage Deals Were BadBy JESSICA SILVER-GREENBERG J. Scott Applewhite/Associated Press
The trove of internal e-mails and employee interviews, filed as part of a lawsuit by one of the investors in the securities, offers a fresh glimpse into Wall Street’s mortgage machine, which churned out billions of dollars of securities that later imploded. The documents reveal that JPMorgan, as well as two firms the bank acquired during the credit crisis, Washington Mutual and Bear Stearns, flouted quality controls and ignored problems, sometimes hiding them entirely, in a quest for profit. . . . . . . . . . . . . . . .