December 3, 2013
Is Banks’ $200 Billion Payout from RMBS Lawsuits Enough?
S&P issued a brief, The Largest U.S. Banks Should Be Able To Withstand The Ramifications Of Legal Issues, that quantifies the exposure that big banks have from litigation arising from the Subprime Crisis: Since 2009, the largest U.S. banks (Bank … Continue reading
December 3, 2013 in Upstream litigation commentary | 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 commentary | 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 commentary | 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 commentary | Permalink | No Comments
September 10, 2013
Borden and Reiss on High-Stakes MBS Litigation
Brad and I posted Goliath Versus Goliath in High-Stakes MBS Litigation on SSRN (and BePress). The abstract reads, The loan-origination and mortgage-securitization practices between 2000 and 2007 created the housing and mortgage-backed securities bubble that precipitated the 2008 economic crisis … Continue reading
September 10, 2013 in Upstream litigation commentary | Permalink | No Comments
July 12, 2013
Ain’t Misrepresentin’
According to Wikipedia, the performers in the musical Ain’t Misbehavin’ “present an evening of rowdy, raunchy, and humorous songs that encapsulate the various moods of the era and reflect” a “view of life as a journey meant for pleasure and … Continue reading
July 12, 2013 in Upstream litigation commentary | Permalink | No Comments
May 24, 2013
Reiss on the Ethics of Subprime Lending
Fordham Law School is sponsoring an event on The Mortgage Crisis – Five Years Later on June 3rd. I will be speaking about the ethics of subprime lending on the second panel. The speakers are Panel 1: The Mortgage … Continue reading
May 24, 2013 in Upstream litigation commentary | Permalink | No Comments
