December 3, 2014

Reiss on Shakespearean GSE Litigation

By David Reiss

Fundweb quoted me in Stateside: My Kingdom for a House. It reads in part, History repeats itself. In 1483, Richard III seized the British crown from his 13-year-old nephew on a trumped up legal sophistry.  One justification was to prevent … Continue reading

November 18, 2014

Carney, Epstein, Macey & Reiss on GSE Litigation

By David Reiss

I was on an interesting panel today on the state of the Fannie/Freddie shareholder litigation. Judge Lamberth’s ruling in Perry Capital LLC v. Lew et al. was bad news for the plaintiffs in all of the shareholder suits. The panel … Continue reading

November 5, 2014

GSE Nationalization and Necessity

By David Reiss

Nestor Davidson has posted Nationalization and Necessity: Takings and a Doctrine of Economic Emergency to SSRN. This essay will be of interest to those following the Fannie/Freddie shareholder litigation. The abstract reads, Serious economic crises have recurred with regularity throughout … Continue reading

October 20, 2014

Reiss on Catching FIRREA

By David Reiss

Inside ABS & MBS quoted me in Experts: New AG Likely to Continue Aggressive Use of FIRREA Against Industry, Individual Executives Targeted (behind a paywall). It reads in part, Mortgage industry executives should be aware and expect continued – and … Continue reading

October 17, 2014

The Other GSE Conservatorship Lawsuit

By David Reiss

While there has been a lot of attention over Judge Lamberth’s ruling on the shareholders’ cases regarding Fannie and Freddie’s conservatorships, much less has been given to Judge Cooke’s dismissal of Samuels v. FHFA (No. 13-22399 S.D. Fla. ) (Sept. … Continue reading

October 1, 2014

Big Decision in GSE Litigation

By David Reiss

Regular readers of this blog know that I have written a lot about the shareholder suits arising from the conservatorships of Fannie and Freddie. One of the main cases is being presided over by Judge Lamberth in the District Court … Continue reading

September 9, 2014

Reiss on FIRREA Penalties

By David Reiss

Bloomberg quoted me in S&P Faces Squeeze After $1.3 Billion Countrywide Fine. It opens, Standard & Poor’s (MHFI)’ chances of settling the government’s lawsuit over mortgage-bond ratings for less than $1 billion may have slipped away after Bank of America … Continue reading