CreditSlips

MLEA at the University of Illinois

05/17/13

On October 11 & 12, the University of Illinois College of Law will host the 12th annual Midwestern Law & Economics Association conference. The event consists of law professors and economists presenting papers with varying degrees of law-and-economics content, ranging from empirical analyses and formal economic modeling to legal philosophy and doctrinal papers infused with economic thinking. Paper submissions are due by August 1 and should be submitted to me at rlawless-at-illinois-dot-edu.

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On the Valuation of Hedge Funds (or Hedge Fund Managers)

05/10/13

So Felix Salmon has taken a justifiable swipe at some oddish Bloomberg articles on Citibank's spinoff of its internal hedge fund, as required by the Volcker Rule.

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Who is Mel Watt?

05/08/13

On May 1, President Obama nominated Rep. Mel Watt (D-N.C.) to be the director of the Federal Housing Finance Agency, the conservator for the mortgage giants Fannie Mae and Freddie Mac.

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Jon Stewart's Residential Evil

05/08/13

Any time The Daily Show has a piece that mentions both MERS and the OCC, it gets a link on Credit Slips. There is even a short clip featuring former Credit Slips blogger and current U.S. Senator (in that order) Elizabeth Warren. 

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Obama to replace DeMarco at FHFA

05/01/13

with Mel Watt, according to an AP story today.  Congressman Watt of North Carolina was a moving force behind Miller-Watt-Frank, the mortgage reform legislation that eventually found its way into Dodd-Frank financial reform.  Given that our all-but-nationalized housing finance system is directed by this somewhat obscure agency, the occupant of this post can have a huge influence on the future direction of credit, housing and the economy.

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Harry's Here! -- Everyone Wants a Piece of NML's Pari Passu Pie

04/24/13

Just two sunny weekend days after NML et al. filed their rejection of Argentina's offer, a new batch of defaulted bond holders have come to ask the court for their piece of Argentina's pari passu distribution.

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