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Financial Fraud Prosecutions Coming Soozzzzzzzzzzzzzzzzzzz…
I strongly considered not even remarking on the “news” that the long-silent Residential Mortgage Backed Securities (RMBS) working group, the vaunted task force that would finally and definitively bring...
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Schneiderman Sues JPMorgan Chase; Lawsuit Mirrors Old Cases
Schneiderman files pre-election stunt suitLate yesterday, New York Attorney General Eric Schneiderman filed a lawsuit made up of years-old evidence against JPMorgan Chase, over deceptive practices...
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Timing and Scope: The Issues With the Schneiderman JPMorgan Chase Lawsuit
One thing I want to emphasize about the lawsuit against Bear Stearns on securitization fraud put together by Eric Schneiderman’s office is that it’s rooted in reality. Indeed, Bear Stearns did...
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Those Hoping for “Large Damages” from JPMorgan MBS Lawsuit Bound to Be...
I can actually agree with a lot in Alison Frankel’s assessment of the New York Attorney General’s lawsuit against JPMorgan Chase over mortgage backed securities deficiencies. She’s right to express all...
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The Potential Conflict of Interest Issue Inside the Schneiderman/JPMorgan...
Conflicts of interest in the Schneiderman stunt suit?Much thanks to FT Alphaville for highlighting my story about Eric Schneiderman’s lawsuit against JPMorgan Chase over Bear Stearns’ dodgy...
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Schneiderman Signed Tolling Agreements With MBS Issuers to Extend Statute of...
One of the criticisms I have issued at New York Attorney General Eric Schneiderman’s lawsuit against JPMorgan Chase was that it was filed so late, it allowed much of the statute of limitations to run...
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Schneiderman’s Office Seeing Staff Exodus
Ken Lovett passes on some gossip about a quickened pace of departures in Eric Schneiderman’s AG shop: The latest set to leave is press officer Michelle Duffy, who is going to work for Cuomo. She...
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JPMorgan Chase, Credit Suisse Don’t Have to Admit Wrongdoing in Another SEC...
In another in a long line of weak settlements where the perpetrators of fraud don’t have to technically say whether or not they’ve committed it, the Securities and Exchange Commission reached agreement...
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Schneiderman Files Suit Against Credit Suisse for Securities Fraud, Days...
Another one of Schneiderman's warmed-over securities fraud cases which haven’t delivered major payouts Continuing on the theme of prosecutions for fraud during the housing collapse, though in this case...
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The Housing Task Force That Wasn’t
Anyone remember that Mortgage Task Force President Obama put together to finally take on Wall Street over rampant fraud in the mortgage market? You know, the one Obama announced while running for...
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State Attorney Generals Schneiderman and Coakley Call For DeMarco To Go
Edward DeMarco New York Attorney General Eric Schneiderman and Massachusetts Attorney General Martha Coakley have called for Federal Housing Finance Agency head and notorious Wall Street puppet Edward...
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