- But not before extracting $8.5 B: “Finding Little Evidence Of Foreclosure Fraud, Feds Give Up” [Daniel Fisher, Forbes; Kevin Funnell] Can Baltimore distinguish vindication from extortion? [Funnell]
- Dear grandstanders in Congress and press: by law AIG’s board had to consider request to join bailout suit [Bainbridge, John Carney]
- “Plaintiff Lawyers in Citigroup Case Seek Big Markup For Outside Attorneys” [Daniel Fisher, more, ABA Journal]
- “Everyone knows” CRA (Community Reinvestment Act) lending was too small in volume to be a major factor in bubble. Is everyone right? [NBER paper, SSRN via Cowen, Tuccille]
- Beware the CFPB’s Civil Investigative Demand (CID) power [Funnell, more]
- “Investor class action system needs review – judge” [Nate Raymond, Reuters]
- “Are the New Wave Say-on-Pay Lawsuits ‘Gaining Steam’?” [Kevin LaCroix]
Banking and finance roundup is a post from Overlawyered - Chronicling the high cost of our legal system
