J.P. Morgan Pays $153 Million to Settle Charges of Selling Cooked Securities 4.38K John Cook 06/21/11 01:51PM Filed to: Briefly Briefly Banksters JP Morgan Wall Street Wall st Finance Crime Sec Gettypic Tweetg The SEC has announced that J.P. Morgan Securities will pay $153 million to settle charges that the bank sold $1.1 billion in mortgage-backed securities that were designed to fail. That's about what the bank makes every three days.
