Who Could Have Predicted JPMorgan Would Be Defrauding Credit Card Debtors?

You could have predicted it. I could have predicted it. Hell, even Sylvia Browne could have predicted it.

Prediction is one thing; Kamala Harris, California's Attorney General is trying to do something about it. As Reuters reports:

California's attorney general sued JPMorgan Chase & Co on Thursday, accusing the company of falsely signing documents to unlawfully collect credit card debt from thousands of customers. The lawsuit accuses JPMorgan of engaging in widespread, illegal "robo-signing" of legal documents to commit debt-collection abuses against approximately 100,000 California credit card borrowers. JPMorgan "flooded California's courts with collection lawsuits against defaulted credit card borrowers based on patently insufficient evidence," according to the lawsuit, filed in Los Angeles Superior Court.

The problem isn't just JPMorgan. They all do it, big and litte collectors alike. JPMorgan was just so obscenely flagrant in its practices that apparently they caught the attention of the California Attorney General's office.

What happens when there's nobody, and nothing, left to squeeze? Perhaps Occupiers were just a couple of years premature.