South Florida Law Blog

The question of the decade: Why isn’t Wall Street in jail? In a typical jaw-dropping article for Rolling Stone Magazine The Real Housewives of Wall Street, Matt Taibbi reveals the shocking practices of the Federal Reserve during the Great Recession. With the nation staggering, the Federal Reserve took it upon itself to lend trillions of dollars at nearly zero percent […]

Who would ever have thought that the most respected names on Wall Street would cheat the house by playing with a marked deck? Dear Wall Street: We’re not in Vegas anymore! The Sin City “players” of Wall Street might be trading in the fancy hotel rooms for prison cells. The SEC is now following the Federal Reserve and the Senate […]

In Monday’s The New York Times editorial The Fed and Foreclosures, The Times finally took the Fed to task. They wrote: “There are two sides to every delinquent loan – a lender who made a bad lending decision and a borrower who cannot repay. Yet banks have never acted as if they bear any responsibility for the mortgage mess.” The […]

by Ellen Pilelsky – From the Heart There is something so deeply wrong and disturbing with the current foreclosure crisis. Simply: While most of us have some opinion as to the foreclosure mess, many don’t seem to care about the incredible amount of fraud that has occurred and continues to take place each day. Some argue that people who fail […]

Humpty Dumpty sat on the wall. Humpty Dumpty had a great fall. All the king’s horses and all the king’s men. Couldn’t put Humpty Dumpty back together again. Most Americans, including some lawyers and even judges don’t understand what happened. Yes, it is complex and confusing. But at the end it’s real simple. In the old days, a bank would […]

NYT Magazine Writer Roger Lowenstein hits it on the head when he takes Mortgage Bankers to task, Plus why I believe MBA President John Courson is WRONG and CLUELESS Roger Lowenstein, an extremely well respected financial journalist took the trade association for mortgage bankers (the MBA) to task in Sunday’s New York Times Magazine for calling homeowners “immoral” who strategically […]

Watch this insightful video on how we got to where we are just from one year ago…. Wall Street, One Year Later The Times’s Andrew Ross Sorkin, Gretchen Morgenson and Joe Nocera recount the events of the weekend that Lehman Brothers failed and discuss the lessons learned from the financial crisis…

Ok… so as more folks go into foreclosure (I always have to put this in… LOL) and the news of bailout salary caps trickles or more likely barrels through the Ivy League Halls, we are already seeing some pleasant “surprises” or anticipated consequential behavior. The top minds at our top schools, and our true national treasure, may actually choose livelihoods […]