REFinBlog

Editor: David Reiss
Brooklyn Law School

November 25, 2013

Doing Justice with the $13B JPMorgan Settlement

By David Reiss

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

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November 25, 2013 in 2013 | Permalink | No Comments

November 21, 2013

And How About the Just?

By David Reiss

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

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November 21, 2013 in 2013 | Permalink | No Comments

November 20, 2013

Reiss on $13B JPMorgan Settlement in CSM

By David Reiss

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

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November 20, 2013 in 2013 | Permalink | No Comments

November 15, 2013

Reiss on Fannie and Freddie Buyout

By David Reiss

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

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November 15, 2013 in 2013 | Permalink | No Comments

October 24, 2013

Reiss on Countrywide Verdict

By David Reiss

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

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October 24, 2013 in 2013 | Permalink | No Comments

September 17, 2013

Moody Misrepresentation

By David Reiss

Judge Daniels (SDNY) granted Moody’s motion for summary judgment in In re Moody’s Corporation Securities Litigation, No. 07 Civ. 8375 (Aug. 23, 2013). This is a big win for Moody’s, but I did find the following passage striking in its … Continue reading

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September 17, 2013 in 2013 | Permalink | No Comments

September 16, 2013

Misrepresentation and Wholesale Misrepresentation

By David Reiss

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

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September 16, 2013 in 2013 | Permalink | No Comments