What bad things did JP Morgan do?

Answer 1

This is a tough question. On one level, they mislead investors as to what they were really saying, claiming it was A not B (in this case, not AAA). They assured investors that the investments were low-risk, when in fact they knew that this was based on faulty reviews. In truth, the faulty reviewer probably did the most harm. This would be the equivalent of the NY Times assuring people that a terrible movie was great. The only difference was, the consequences were so great, that the misleading was unacceptable. In terms of the employees, none of them is clearly and definitely culpable but rather a culture of not caring and passing off subpar products as excellent caught up with them, and they all share some of the blame, albeit not equally.

Read more about it here: http://www.sec.gov/litigation/litreleases/2012/lr22533.htm

Answer 2

he was a man