June 26, 2017

National Mortgage Servicing Settlement Progress Report: Little to Show (And Little Expected)

The official monitor for the mortgage servicing fraud settlement has put out a progress report on … [Read more...]

Why Housing?

Susan Wachter and I have a new paper out, entitled Why Housing?  The paper is a critical review of … [Read more...]

Who Built It?

We're seeing the back and forth between the Dems and the GOP about "who built it," … [Read more...]

Who Built It?

We're seeing the back and forth between the Dems and the GOP about "who built it," … [Read more...]

Why No Prosecutions

The NYTimes had a very good editorial today bemoaning, with resignation, that there will not be any … [Read more...]

What’s the Point of Billable Rates?

Felix Salmon has a very insightful post about lawyers' hourly billing rates.  His … [Read more...]

Cramdown and the Cost of Mortgage Credit

Joshua Goodman at the Harvard Kennedy School and I have a new paper out examining the impact of … [Read more...]

Do Your Research, Ezra Klein!

Ezra Klein has joined the melee over the Obama Administration's housing policy failure with an … [Read more...]

Zywicki’s Interchange Settlement Balderdash

I was really hoping that I would be able to go at least a year without having to call Todd Zywicki … [Read more...]

Zywicki’s Interchange Settlement Balderdash

I was really hoping that I would be able to go at least a year without having to call Todd Zywicki … [Read more...]

The Interchange Settlement

Moved to top from 8/15.   I've held my tongue for a while on the proposed class settlement in … [Read more...]

Why So Few Mega-Credit Card Class Action Settlements?

JPMorgan Chase and Class Counsel have received preliminary approval of a $100 million class … [Read more...]

The Tenuous Case for Swaps Clearinghouses

I've got a new short article out about swaps clearinghouses.  It's a response piece to an … [Read more...]

Everything You Always Wanted to Know About CDOs (But Were Afraid to Ask)

Bill Bratton and I have a new paper out, called A Transactional Genealogy of Scandal:  from Michael … [Read more...]

Team Tim v. Team Neal on the Financial Crisis

Matthew Yglesias has a fantastic piece about the Barofsky-Geithner proxy debate on the financial … [Read more...]

Geithner on Financial Crimes: The Dog Ate My Homework

If I rob a federally insured bank and make off with $20,000, I'm facing years of federal prison … [Read more...]

Location, location, location: ATM Fee Disclosure Edition

The number one agenda item for small banks is to repeal the physical, on-machine disclosure … [Read more...]

The New Cramdown

For the past couple of years, I've been thinking that cramdown is dead as a policy solution. … [Read more...]

Why Don’t Economists Read the Legal Literature?

When I read economics articles, I'm often struck by the absence of citations to the legal … [Read more...]

FHFA Wants Money Transferred from Local Government to Bondholders

FHFA has sued the State of Illinois and some local government units claiming that Fannie Mae and … [Read more...]

The Coasean Republic

At times I've joked to my classes about the possibility of a Coasean Republic, a state I call … [Read more...]

Eaton v. Fannie Mae Analysis

The Massachusetts Supreme Judicial Court finally issued its long-awaited ruling in Eaton v. Fannie … [Read more...]

Securitization Fail-Litigation Update

The wheels of litigation move slowly, but there are a couple of recent securitization fail … [Read more...]

Arbitration Unconscionability Post-Concepcion

My Georgetown colleague Rebecca Tushnet has a great post about a recent Missouri Supreme Court … [Read more...]

Equity Financing of Higher Education

Luigi Zingales had an op-ed in the NY Times a few days back proposing equity financing of higher … [Read more...]

GM, Chrysler and Ideologically Selective Bankruptcy Formalism

James Sherk and Todd Zywicki have an op-ed in the Wall Street Journal that kvetches about the … [Read more...]

GM, Chrysler and Ideologically Selective Bankruptcy Formalism

James Sherk and Todd Zywicki have an op-ed in the Wall Street Journal that kvetches about the … [Read more...]

Making Banks Boring

Bloomberg has an editorial arguing that making banks boring won't prevent a crisis; only … [Read more...]

The Bully Model of Consumer Finance and Litigation

There's a fearful symmetry in the consumer finance world. It's a symmetry of bullies … [Read more...]

Reputational Sanctions in an Age of Internet Manipulation?

A major argument against substantive regulation of industries (including consumer finance) is that … [Read more...]

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