CreditSlips

Hacking and Systemic Financial Armageddon

10/03/14

The revelation that 76 million JPMorgan Chase consumer accounts were compromised by hacking should be scaring the heck out of us. The Chase hacking is a red flag that hacking poses a real systemic risk to our banking system, and a national security risk as well. Frankly, I find this stuff a lot scarier than either ISIS or our still largely unregulated shadow banking space.

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Elizabeth Warren in Jeopardy! -- Em . . . That Is, the Game Show Jeopardy!

10/02/14

Former Credit Slips blogger Elizabeth Warren who also happens to be the senior senator from Massachusetts was a category on Jeopardy! last night. H/T to the WSJ's Bankruptcy Beat, which has a more complete story on the topic including the questions that were asked. None of the questions related to Credit Slips probably because they would have been too easy. Please let me hold on to that illusion.

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Markets?

10/02/14

Some thoughts on how much faith we should have in the debt markets, and whether they are actually markets at all, over at Dealb%k.

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Flagstar Servicing Enforcement Order

09/30/14

The CFPB entered into a Consent Order with Flagstar Bank regarding its default mortgage servicing practices. This order is really important.

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What do bankruptcy mortgage servicing and ebola have in common?

09/24/14

A long long time ago in this same galaxy, I wrote what may be Credit Slips' most popular post: What do bankruptcy mortgage servicing and phone sex in common? Today, I bring you a new comparison: bankruptcy mortgage servicing and ebola. At the outset, let me be very clear that ebola is a tragic health care crisis.

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Rants and Book Recommendations

09/23/14

Just ba

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Yoga for Stressed Out Lawyers ... and Their Debtor-Clients

09/22/14

And now time for s

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"Oh Dear Me No, I Couldn't Possibly Hear Another Appeal..."

09/19/14

The Second Circuit has refused to hear Citibank's appeal of Judge Griesa's order enjoining Citi from making payment on USD-denominated, Argentine-law bonds. The Second Circuit's order is a bit... Delphic.

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