Why You Should Be Mad at the Latest JPMorgan Lawsuit

We all know that politicians are willing to do anything to get into the limelight, gain favor among the citizens, and then use this leverage for their own gain. The latest lawsuit against JPMorgan Chase & Co. (NYSE/JPM) is so stupid and ridiculous that it would be funny if it weren’t going to cost taxpayers millions of dollars to pay for all of the lawyers involved.

To begin with, we all know that for an attorney general to move up the rungs of the political ladder, to Governor for example, they need a high-profile case to catch the public attention. With bank stocks being Public Enemy Number One, New York Attorney General Eric Schneiderman has decided to use the public’s anger against bank stocks to his favor. The New York Attorney General’s office has just filed a civil lawsuit against The Bear Stearns Companies, Inc., now a unit of JPMorgan, for alleged fraud. Read Full Article at http://www.investmentcontrarians.com/stock-market/why-you-should-be-mad-at-the-latest-jpmorgan-lawsuit/762/

Economic Forecast 2013