November 25, 2013
Doing Justice with the $13B JPMorgan Settlement
I have posted a couple of items on this massive settlement (here and here). This should be my last one. Perhaps I am ungrateful, but the Statement of Facts agreed upon by the Department of Justice and JPMorgan Chase left … Continue reading
November 25, 2013 in Upstream litigation | Permalink | No Comments
November 21, 2013
And How About the Just?
Some believe that there are 36 righteous people whose existence justifies the whole of humanity. Each bears the world’s pain and the world would come to an end without these Just ones. Oddly enough, I was thinking about this story … Continue reading
November 21, 2013 in Upstream litigation | Permalink | No Comments
November 20, 2013
Reiss on $13B JPMorgan Settlement in CSM
The Christian Science Monitor quoted me in JPMorgan Chase settles. Is $13 billion for role in mortgage crisis fair? The story reads in part, The settlement does not, however, release any individuals within JPMorgan from further criminal or civil charges. … Continue reading
November 20, 2013 in Upstream litigation | Permalink | No Comments
November 15, 2013
Reiss on Fannie and Freddie Buyout
Law360 quoted me in Fairholme Changes The Game For Fannie And Freddie (behind a paywall). It reads in part, Fairholme Capital Management LLC’s plan to buy Fannie Mae’s and Freddie Mac’s insurance businesses will likely turn out to be more … Continue reading
November 15, 2013 in Upstream litigation | Permalink | No Comments
October 24, 2013
Reiss on Countrywide Verdict
Law360 interviewed me in DOJ’s Countrywide Win Could Force More Bank Settlements (behind a paywall). The story opens The U.S. Department of Justice’s victory in a case against Bank of America Corp.’s Countrywide subsidiary over a housing-bubble-era mortgage program shows … Continue reading
October 24, 2013 in Upstream litigation | Permalink | No Comments
October 10, 2013
Pandora’s Credit Box
Jim Parrott and Mark Zandi posted Opening the Credit Box, a call for “[e[asing mortgage lending standards.” (2) Parrott has had high level positions in the Obama Administration and Zandi, Moody’s Analytics’ chief economist, was mentioned as a possible Director … Continue reading
October 10, 2013 in Upstream litigation | Permalink | No Comments
October 3, 2013
Rating Agency 1st Amendment Defense Weakened, Again
Federal District Judge O’Toole (D. Mass.) issued an Opinion and Order in Federal Home Loan Bank of Boston v. Ally Financial Inc. et al., No. 11-10952 (Sept. 30, 2013) relating to the potential liability of S&P and Moody’s (the Rating … Continue reading
October 3, 2013 in Upstream litigation | Permalink | No Comments
