Well, not exactly. But for anyone who is interested, here is my written Congressional testimony for a House Financial Services Committee, Subcommittee on Capital Markets and GSEs hearing on " The Dodd-Frank Act's Impact on Asset-Backed ... Read full article
The postal banking idea has been getting a lot of attention. See, e.g., here (David Dayen) and here (Elizabeth Warren). Yet, the more I think about it, the more I wonder if the postal part of the idea is actually convoluting things. ... Read full article
I've got an op-ed about postal banking in today's American Banker. Basic point: there's a tension between doing postal banking to generate revenue for the Post Office and doing postal banking for financial inclusion. But it's an ... Read full article
There has been a big push, from several different directions, to develop a more "free market" – as compared with Dodd-Frank's OLA – approach to financial institution insolvency, the Hoover Institute's "chapter 14" proposal ... Read full article
Word on the street is that a proposal to add a chapter to the Bankruptcy Code to deal with SIFIs will be introduced this morning in the Senate. ... Read full article
Some thoughts over at Dealbook . ... Read full article
Lots of questions about the Blackstone CDS trade that Bloomberg wrote a great piece on back in October , and that Jon Stewart has now brought (finally) out into the ligh t. ... Read full article
So this morning's FT tells us that Royal Bank of Scotland is in hot water for allegedly playing hardball with its borrowers, in the hopes of acquiring some of their assets on the cheap. That is RBS has adopted something of a "loan to own" ... Read full article
I've got a new article out in the Duke Law Journal entitled The Paper Chase: Securitization, Foreclosure, and the Uncertainty of Mortgage Title . The article is about the confusion securitization has caused in foreclosure cases because of the shift ... Read full article
Banks and insurance companies are apparently gnashing their teeth at the news that the Mt. ... Read full article
Questions about OLA after SPE (or SPOE if you prefer), over at Dealb%k . ... Read full article
Gretchen Morgenson had an interesting column today about judicial frustration with banks. One of the opinions she references is a recent order by Judge William Young (Dist. Mass.) in a predatory lending suit. ... Read full article
I recently stumbled on this excellent compendium of more than 300 books on the financial crisis. It also includes a list of 25 or so books that predicted the crisis, as well as a useful link to an annotated list of individuals who can be given credit for ... Read full article
Or bank holding companies, to be precise, over at Dealb%k . ... Read full article
The NY Times has a pretty significant error in its reporting on the Summers vs. Yellen Fed Chair race. It says that Yellen was the head of the Federal Reserve Bank of San Francisco, which was Countrywide's regulator. That's wrong. FRBSF was ... Read full article
Felix Salmon has a depressing blog post about the Fab Tourre verdict and a criminal conviction in another Goldman Sachs-related case. Felix concludes, " I’m increasingly coming to the conclusion that America’s system of jurisprudence simply isn’t up ... Read full article
"Make ... Read full article
The foreclosure fraud settlements were already farcical, but it just gets worse and worse. Now we learn that the Fed approved the amendments to its consent orders with mortgage servicers without it actually going before the Board of Governors for a vote . ... Read full article
