If you've been tuning out the Euro situation, despite Gelpern's periodic updates , today's Times magazine has a since summary of where things stand. I also think the end of this bit nicely captures the extant cynicism regarding financial ... Read full article
When I read economics articles, I'm often struck by the absence of citations to the legal literature. Citations to legal works, even when very much on point, are frequently missing from literature reviews and citation lists. There are exceptions to ... Read full article
A major argument against substantive regulation of industries (including consumer finance) is that the market self-regulates. Bad actors get bad reputations and lose business. Therefore, there's no need for government to intervene. ... Read full article
For the umpteenth time, President Obama has announced that his solution to the foreclosure crisis is to encourage "responsible" homeowners to refinance at lower interest rates. Adopting the Tea Party rhetoric and blaming home buyers who got ... Read full article
As Alan White reported recently , the Uniform Law Commission in the U.S. has named a committee to consider the need for and feasibility of proposing a uniform foreclosure act and to report back to the ULC by early 2012. ... Read full article
The Administration seems to have cut a deal to extend the payroll tax cut, which is a smart economic move in terms of trying to support demand. But it's being paid for by an increase in the "G-fee" (guarantee fee) charged by FHA and Fannie ... Read full article
Many have chided the financial press for the need to write entirely speculative articles about the prior day's market movements . But at least the financial press can be (somewhat) forgiven for their sins on the basis of tradition. ... Read full article
