News Wrap: New York Files Lawsuit Against JPMorgan Chase

Aired: 10/2/2012 | 0:02:26 | Clip
In other news Tuesday, New York Attorney General Eric Schneiderman filed a major mortgage lawsuit against JPMorgan Chase, claiming that former rival Bear Stearns -- which JPMorgan bought in 2008 -- misled the investors who bought and lost sub-prime mortgage loan securities in 2006 and 2007 after the company collapsed.