Wednesday, February 16, 2011
Insurance giant Allstate is suing JPMorgan Chase and subsidiaries Bear Stearns and Washington Mutual for fraudulently selling the insurer more than $750 million in residential mortgage-backed securities backed by toxic loans (by KERRI PANCHUK): http://www.housingwire.com/2011/02/16/allstate-sues-jpmorgan-chase-over-sale-of-toxic-rmbs
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