“A federal mortgage task force established by the Obama administration to investigate alleged frauds involving home loans has filed its first charges connected to the 2008 financial crisis.

In a civil suit filed Monday by New York Attorney General Eric Schneiderman, a co-chair of the task force, JPMorgan Chase is charged with “a systemic fraud on thousands of investors” in mortgage-backed securities between 2005 and 2007…”

Read Jason Breslow’s full article here