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Action Against JP Morgan Provides Needed Accountability for Wall Street

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Consumer advocate Elizabeth Warren today released the following statement on New York Attorney General Eric Schneiderman's lawsuit against JP Morgan.

"The facts here are clear: Wall Street rigged the mortgage backed securities market against ordinary investors and made billions in profits off an unfair playing field. Attorney General Schneiderman's claim against JP Morgan for the actions of Bear Stearns will bring some much-needed accountability to those who perpetrated this epic fraud. This is an important step in the right direction and helps finally make clear that everyone must follow the law -- including Wall Street banks."


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