Regarding the 2nd Circuit’s curious dismissal of United States ex rel. O’Donnell v. Countrywide Home Loans

Regarding the 2nd Circuit’s curious dismissal of United States ex rel. O’Donnell v. Countrywide Home Loans dated of original post: 5.28.16 The Second Circuit’s recent dismissal of a jury verdict against Bank of America for fraud is shameful on a few levels, but these comments are limited to a single point. United States ex rel. O’Donnell v. Countrywide Home Loans, Inc., …

1989 and 2008: Same fraud, different response

1989 and 2008: Same fraud, different response Michael Milken reportedly had a realization that provided the intellectual underpinning for the Savings and Loan crisis during a trip by car from New York to Los Angeles, his wife behind the wheel as he perused 10-Ks. At some point it hit him: if these junk bonds are too risky to attract investors, …