JPMorgan Is Foreclosing On The U.S. Treasury

Here’s a hilarious story tracked down by Yves Smith.

Recently in Hillsboro, Ore. JP Morgan completed a foreclosure sale on a home that had a tax lien on it. The bank could have corrected this “mistake” by paying the IRS. Instead it claimed that its mortgage was senior to the lien and foreclosured on the Treasury.

JP Morgan Chase v Treasury

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