In re Bear Stearns Mortgage Pass-Through Certificates Litigation: Statute of Limitation and Statute of Repose Defense Bites the Dust

Remember when we posted about the Mortgage-Backed Securities sleeper defense regarding the statute of repose tied to the Securities Acts of ’33 and ’34  https://findsenlaw.wordpress.com/2012/03/07/fhfa-litigation-for-freddie-and-fannie-vs-tbtf-banks).  Well, a version of that defense was blown out of the water in the recent decision of In re Bear Stearns Mortgage Pass-Through Certificates Litigation, (S.D. N.Y. Mar. 30, 2012).In […]

What Does Corruption Cost You?

On a side note (but not entirely unrelated) from our typical foreclosure, financial industry muckraking, in honor of tax day, this is a good series by Matt Stoller for the Republic Report. Corruption is Why You Can’t Do Your Taxes in Five Minutes Corruption Responsible for 80 Percent of Your Phone Bill