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Under current law, JPMorgan can deduct its $5.1 billion settlement with Fannie Mae and Freddie Mac from its taxes. Some Democrats are trying to change that.
The Department of Justice and the SEC are both suing Bank of America for allegedly misleading investors about the risks of mortgage-back securities.
The Justice Department says Countrywide Financial -- which B of A bought in 2008 -- cranked out bad home loans without proper checks to make sure they were legit, and then sold those mortgages to Fannie Mae and Freddie Mac.
Attorneys General Kamala Harris of California and Catherine Cortez Masto of Nevada discuss their plans to work together on investigating and prosecuting mortgage fraud.