Chief Chase Bankster: "There Have Been So Many Flaws In Mtgs That It’s Been An Unmitigated Disaster [...] Everybody's Going To Sue Everybody Else!"

Bloomberg reports:

• JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said clashes over faulty mortgages may drag on as investors and regulators demand compensation for soured loans issued at the peak of the housing market.



• “There have been so many flaws in mortgages that it’s been an unmitigated disaster,” Dimon said during a conference call today. “We just really need to clean it up for the sake of everybody. And everybody is going to sue everybody else, and it’s going to go on for a long time.”

For more, see Dimon Says Mortgage Clash Swells as ‘Everybody Is Going to Sue’.