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 Government lawsuits | 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 Government lawsuits | 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 Government lawsuits | 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 Government lawsuits | Permalink | No Comments
September 16, 2013
Misrepresentation and Wholesale Misrepresentation
Federal Judge Lungstrum (D. Kan.) issued a Memorandum and Order in National Credit Union Administrative Board v. RBS Securities, Inc. et al., No. 11-2340 (Sept. 12, 2013). The Board, as conservator and liquidating agent of the U.S. Central Federal Credit … Continue reading
September 16, 2013 in Government lawsuits | Permalink | No Comments
September 13, 2013
Round One to California in Suit Against S&P
California Superior Court Judge Karnow issued a Memorandum Order Overruling Defendants’ Demurrers in California v. The McGraw-Hill Cos. et al., CGC-13-528491 (Aug. 14, 2013 San Francisco County). California Attorney General Harris alleged “that S&P intentionally inflated its ratings for … Continue reading
September 13, 2013 in Government lawsuits | Permalink | No Comments
August 8, 2013
Underwater Mortgages Eminent Domain Battle Gears up
I was quoted in a recent story in www.thestreet.com, Eminent Domain Mortgage Battle Is a Lose-Lose Situation. It reads in part, The move by Richmond, Calif., to seize “underwater mortgages” from private investors using its powers of eminent domain has drawn … Continue reading
August 8, 2013 in Government lawsuits | Permalink | No Comments
