IE 11 is not supported. For an optimal experience visit our site on another browser.

Emails show that JP Morgan knew mortgage deals were bad

06:00

A new lawsuit accuses banking giant JP Morgan Chase of hiding bad loans from investors. The Belgian bank, Dexia, accuses JP Morgan and its affiliates, of "egregious fraud." The lawsuit is offering a new look into Wall Street's mortgage machine. Ed Schultz talks with former New York Governor Eliot Spitzer about what happens next.