Allstate Sues JPMorgan Over Mortgage Securities Losses

By | February 17, 2011

  • February 17, 2011 at 2:14 pm
    Amazed says:
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    No wonder Allstate sold their Bank/Financial arm. They were just one of many companies who were playing this game with toxic mortgages. Sounds to me like the people Allstate employed to do these instruments were in the same boat as AIG and many big banks. $757 mil is a pretty big pill to swallow even if the company is large. Greed was not good with this operation.

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