Author Archives: Isaac Gradman
Howard Rice Issues Press Release Featuring Attorney Blogs
In a bit of shameless self-promotion, I note that The Subprime Shakeout was featured, along with Steve Mayer’s blog, The California Constitution, in a press release issued by Howard Rice Nemerovski Canady Falk & Rabkin about the firm’s promotion of … Continue reading
Wikipedia Subprime Timeline a Comprehensive (and Opinionated) Resource
I just discovered the Wikipedia Subprime Crisis Impact Timeline that provides a great resource to those trying to understand what this crisis is and how we got here. The timeline spans 40 years from 1968 to the present, including the … Continue reading
BofA Settles Countrywide Suits with State Attorneys General for $8.68 billion. Deal Said to Provide Homeowners with More Relief than Federal Bailout
On October 6, California Attorney General Jerry Brown (pictured at left) announced that Bank of America, parent of Countrywide Financial Corp., had agreed to pay $8.68 billion to modify the home loans of over 400,000 homeowners in a negotiated settlement … Continue reading
Seventh Circuit Disallows Class Actions for TILA Violations
In August, I wrote about a major Seventh Circuit ruling on the way that could open the doors for borrowers to file class actions against mortgage lenders to rescind their loans. On September 24, the Seventh Circuit issued its ruling, … Continue reading
Not-So-Free Market: Group of Large Hedge Funds Expected to Sue FSA Over Short-Selling Ban
Thanks to Bryan Carter and the Tuscan Group for passing along this article on the litigation expected to arise from the U.K. regulator’s decision to ban short-selling for financial company stocks. On September 18, England’s Financial Services Authority (FSA) announced … Continue reading
