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“Sending Wall Street To Jail”

Roger Parloff at Fortune looks at the outlook for prosecutions over the financial implosion. One major source of potential criminal liability: over-rosy business statements put out by executives in...

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Bailouts, bonuses, and the public mood

Steve Chapman, as usual, keeps a cool head about things. And I’ve got some links at Point of Law on the remarkable House-passed proposal to slap a punitive tax on the compensation of many thousands of...

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March 27 roundup

Find me someone who speaks Mixtecan, fast: under new California law health insurers must provide patients with certified language interpreters [Ventura County Star] “Law Prof’s Article on His Jury...

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Financial Crisis Inquiry Commission

Along with its formal report, the commission probing the financial crisis of 2008 has done an online archival dump of internal company documents that some hope, and others fear, will be of great help...

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If only we’d had Dodd-Frank in ’08?

Magical thinking at the FDIC [David Skeel via Bainbridge] Tweet Tags: Crisis of 2008, Wall Street If only we’d had Dodd-Frank in ’08? is a post from Overlawyered - Chronicling the high cost of our...

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“What ‘Inside Job’ got wrong”

An accusatory film about the financial crisis glides over some inconvenient complications. [Ezra Klein, Washington Post] Tweet Tags: banks, Crisis of 2008, Wall Street “What ‘Inside Job’ got wrong” is...

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Prosecuting Wall Street executives

My new Cato post has a suggestion for Time magazine: how about prosecuting only the executives who’ve actually committed crimes? (& Kenneth Silber, RealClearPolitics “Best of the Blogs”). Related:...

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Foreclosures and housing recovery

A natural experiment: Virginia law allows foreclosures to happen rapidly, Maryland law delays them. Which state has bounced back more smartly from the housing crash? [Michael Schearer, earlier] Tweet...

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Brookings on “cash for clunkers”

“A new analysis from the Brookings Institution’s Ted Gayer and Emily Parker found that the program was fairly inefficient as economic stimulus and mostly pulled forward auto sales that would have...

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Another note on the J.P. Morgan penalty

Kevin Funnell, on “The Long-Range Consequences Of Adopting The Mating Habits Of A Praying Mantis,” quotes Matthew L. Brown in Boston Business Journal on the consequences of slamming the institution...

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December 18 roundup

California judge tells three large companies to pay $1 billion to counties under highly novel nuisance theory of lead paint mostly sold long ago [Business Week, The Recorder, Legal NewsLine, IB Times]...

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Banking and finance roundup

Presumed-reliance (“fraud on the market”) theories, which SCOTUS is likely to reconsider in Halliburton, aren’t just confined to securities litigation, but crop up in various other areas of litigation...

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Banking and finance roundup

Divided D.C. Circuit panel partially overturns SEC conflict minerals law [Bainbridge, more, more, Adler, earlier] Dodd-Frank vs. small banks, cont’d [Todd Zywicki] A failing grade for new Financial...

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From “The Rule of Nobody”

We mentioned Philip K. Howard’s new book “The Rule of Nobody” the other day. Here’s another excerpt (which also appeared in the Wall Street Journal’s “Notable and Quotable”: The 2009 economic stimulus...

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Banking and finance roundup

Payday lenders sue federal agencies over Operation Choke Point [Bloomberg News, Business Journals, earlier; more, Funnell] Speaking of those lenders: “California Supreme Court to review ‘rent-a-tribe’...

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Citigroup to pay $7 billion in mortgage settlement

WSJ editorial this morning: “We hold no brief for Citi, which has been rescued three times by the feds…. [But] good luck finding a justification for [the $7 billion figure] in the settlement agreement....

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Banking and finance roundup

SEC regs suppress small business capital formation and that’s a shame [Commissioner Daniel Gallagher via Bainbridge] Federally sponsored gripe site for financial institutions not likely to end well...

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June 17 roundup

Skull and crossbones to follow: San Francisco pols decree health warnings on soft drink, Frappuccino billboards [Steve Chapman] Judge criticizes feds’ punitive handling of AIG rescue as unlawful, but...

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“A New Look at the U.S. Foreclosure Crisis”

Hmmm, this doesn’t match the received account [Fernando Ferreira, Joseph Gyourko, “A New Look at the U.S. Foreclosure Crisis: Panel Data Evidence of Prime and Subprime Borrowers from 1997 to 2012”,...

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Banking and finance roundup

“But the questions of fairness are real and seem to be bolstered by the S.E.C.’s win/loss record in its home court versus its performance in district courts.” [Gretchen Morgenson, New York Times,...

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