South Florida Law Blog

An edited version of this post originally appeared on Yahoo! Homes and is being republished on South Florida Law Blog with their permission. I am often asked how Wall Street has managed to be so reckless, with little to no regard for its customers and its investors, yet avoid any real consequence for its actions. The easy answer, if there […]

I foolishly hoped the Facebook IPO might actually bring some confidence back to Wall Street. What was I thinking? Turns out it’s just another example of how the soulless Wall Street culture is destroying American style capitalism. We have barely gotten past JP Morgan Chase’s $3 billion catastrophe, and the outrage over their foolish decisions, but here we are again. […]

Well the dog-and-pony show that was JP Morgan Chase shareholders meeting came and went. If you blinked, you probably missed it. Jamie Dimon’s heart-to-heart with his shareholders lasted a whopping 50 minutes on Tuesday. Apparently that was all the time he felt he needed to trot out the same apology speech he gave on Meet the Press, and then duck […]

The Jamie Dimon Apology Tour is in full swing. Perhaps you caught the first stop on this weekend’s Meet the Press. The chairman of JP Morgan Chase is trying to play us for suckers, publicly apologizing for his bank’s $2 billion loss. He called it an “egregious mistake”. He claims he want to get rid of “Too Big To Fail”, […]

Excuse me Jamie. Mr. Dimon, hello? Do you really still think we’re fools? How else can you explain your half-hearted apology over JP Morgan’s part in the robosigning scandal? The CEO of JP Morgan Chase made some efforts towards reconciliation in his annual letter to shareholders, which is now out for all to see. But it’s clear that Jamie Dimon […]

Well what do you know. Earlier this week I blogged about the mortgage settlement documents and their stunning lack of detail on the frauds committed by the banks during the days of robosigning. I was frustrated because it seems like the complete recklessness of the banks was being whitewashed in order for the settlement to go through. Turns out I […]

Well what a wild week it has been. When we came to work on Monday we feared President Obama would put the housing crisis to bed without ever holding the banks’ feet to the fire. The settlement with the banks, which we have blogged about ad nauseam this week, seemed as sure as a chip-shot field goal. But thanks to […]

It is not just the daily news, it is the hourly news. The Wall Street Journal and The New York Times are reporting multiple stories daily about the unfolding developments and ramifications of the recent suspensions by four major companies that service mortgages and how this crisis will undoubtedly slow the housing recovery. Roy Oppenheim wrote a letter to the […]