Democracy Now: JPMorgan Chase Suspends Foreclosures

The banking giant JPMorgan Chase has suspended some 56,000 foreclosures after admitting some may have been authorized without proper review. A Chase employee testified earlier this year that she and her staffers had approved around 18,000 foreclosure affidavits and other documents without proper vetting on a monthly basis.

~ by wheresthemic on September 30, 2010.

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