law

The statute of limitations is five years for default. That means banks still have until the beginning of 2012 to sue a strategic defaulter from early 2007.

The FHFA complaints lose explanatory power and persuasiveness because they ignore compensation and accounting. It pays to understand accounting control fraud.

Markets continued to be dominated by the EZ sovereign debt crisis and the uncertainty surrounding key political events this month, which are likely to shape the market response in the months ahead. Of the key political events that take…

The complaints seek damages and civil penalties under the Securities Act of 1933, similar in content to the complaint FHFA filed against UBS Americas, Inc. on July 27, 2011. In addition, each complaint seeks compensatory damages for…

The German court adds another element of uncertainty in the debt drama and may shape the particular outcome. There is some danger that parliament's prerogatives are defined to include the upper house as well and there Merkel does not enjoy…

I can no longer say that not a single senior executive of one of the major nonprime lenders whose frauds hyper-inflated the housing bubble and caused the Great Recession has been convicted of his frauds. A single senior executive of one of…

It is one of the paradoxes of life that the most practical means to ensure that the system does not collapse is to insist on justice for all and to ignore demands for special treatment premised on claims that justice places the system at…

You normally don't see these two phrases in a single headline, but they are very much connecting. I thought of this this morning when I read a post called Retirement in the Liquidity Trap by Tim Duy. Commenting on a Wall Street Journal…

David Sokol, widely considered the heir apparent to Warren Buffett,  has abruptly resigned from Berkshire Hathaway's subsidiaries after it was revealed that he profited from the purchase of a publicly-traded company made by Berkshire.…

So the dialling for dollars campaign is under way in U.S. municipalities. I'm talking about the use of eminent domain laws to dispossess property owners of property in order to make way for luxury facilities. This is an ongoing process I…