JPMorgan Chase agrees to pay $4.5 billion on mortgage security claims

JPMorgan Chase agrees to pay $4.5 billion on mortgage security claimsCredit: Reuters/Eduardo Munoz People walk inside JP Morgan headquarters in New York, October 25, 2013. The bank reached the agreement with 21 institutional investors in 330 residential mortgage-backed securities trusts issued by JPMorgan and Bear Stearns, which it took over during the financial crisis, according to the bank and lawyers for the investors.

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CIA, NSA, IRS collected and shared Americans’ personal information

Confirmed: CIA, NSA, IRS collected and shared Americans’ personal informationReuters / Handout On a mission to detect untrustworthy employees, nearly 30 government agencies collected and shared the personal information of thousands of Americans, many of whom had no ties to the federal government. A list of 4,904 people was created by US officials investigating two men for allegedly teaching people how to pass polygraph tests.

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Over 3,200 US prisoners serving life sentences for non-violent offenses including shoplifting

Over 3,200 US prisoners serving life sentences for non-violent offenses including shoplifting – reportReuters / Robert Galbraith Over 3,200 people in the United States are serving life sentences without parole for non-violent and often petty offenses – and taxpayers are paying billions to keep them locked up, according to a new report.

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The Mutilated Economy

The Mutilated EconomyFive years and eleven months have now passed since the U.S. economy entered recession. Officially, that recession ended in the middle of 2009, but nobody would argue that we’ve had anything like a full recovery. Official unemployment remains high, and it would be much higher if so many people hadn’t dropped out of the labor force.

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United Credit Recovery Faces Lawsuit Over Deceptive Debt Collection Practices

United Credit Recovery Faces Lawsuit Over Deceptive Debt Collection Practices(Source: Minnesota Attorney General Lori Swanson) – Minnesota Attorney General Lori Swanson yesterday filed a lawsuit against a Florida company that purchased millions of charged-off customer accounts from large banks, and then manufactured affidavits to aid in the collection of those accounts from individuals and businesses.

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‘Homeland Stupidity’ creator sues NSA, DHS

‘Homeland Stupidity’ creator sues NSA, DHSImage from cafepress.com A designer from Minnesota is suing the National Security Agency and the Department of Homeland Security for attempting to take down his parody products. Earlier this year, 38-year-old Dan McCall, owner of the website LibertyManiacs.com, was selling T-shirts and other items featuring parodied logos of both the NSA and DHS on the online merchandising platform Zazzle.

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Federal Prosecutors, in a Policy Shift, Cite Warrantless Wiretaps as Evidence

Federal Prosecutors, in a Policy Shift, Cite Warrantless Wiretaps as EvidenceWASHINGTON – The Justice Department for the first time has notified a criminal defendant that evidence being used against him came from a warrantless wiretap, a move that is expected to set up a Supreme Court test of whether such eavesdropping is constitutional.

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