The suit relates to the securities sold by Bear Stearns, which collapsed in 2008 and is now owned by JPMorgan. It's the suit first to be filed under the auspices of the RMBS Working Group, set up by President Obama to investigate and prosecute alleged misconduct that contributed to the financial crisis.

The national bank settlement over robo signing takes effect Wednesday. And the California monitor for the settlement says the most notable complaint her office gets is for "dual-tracking." That's when homeowners are on track to be foreclosed on while trying to get a mortgage modification.

"People don't really see it as a badge of honor anymore," one entrepreneur says 鈥� and goes on to list three reasons why going public is more trouble than it's worth.

Bargain-seeking investors known as "vultures" are circling Madrid, hoping a shakeout of the banking sector will yield deals at rock-bottom prices. As a condition of Spain's bailout, banks need to get rid of toxic assets such as devalued properties 鈥� even if it means taking a loss.