Welcome to Capital Account. In the most recent development of the Samsung vs. Apple patent war, Samsung is suing Apple on grounds that the iPhone5 infringes on its patents. In a world where Too Big To Fail has been singularly associated with the financial sector, could a single tech and consumer products giant have a disproportionately visible effect on the larger US economy? Measured by sheer market capitalization, Apple set a record in August as the most valuable US company the world has ever seen. We ask analyst Reggie Middleton if Apple’s next development will be the iBubble!
Plus, Obama’s mortgage task force finally barked. The New York Attorney General is filing a civil lawsuit against J.P. Morgan, alleging widespread fraud by the company’s Bear Stearns unit in the sale of Mortgage Backed securities. We talk to Reggie Middleton about the impact of this lawsuit and whether it has any bearing on the MBS market today.