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Criminal Law

: Crime & Federalism

Tyler Cowen on Subprime Lending

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The biggest problem with expert accountability is that there isn't any. People turn on their televisions, or read their newspapers and blogs, to hear what is being said today. Yet how can one determine if what's being said today is true? The best way is to look at yesterday. Marginal Revolution is a popular weblog that has turned George Mason economists professor (and Mercatus Center CEO) Tyler Cowen into a minor celebrity.  People turn to him for his expertise.  Indeed, the Mercatus Center calls him an expert. Should Cowen be considered an economics expert?  If so, why? Go to his blog, and run a search for "subprime." There are several gems, beginning with his co-blogger's introduction to the Cowen view on subprime lending.  You'll find several entries entitled "Subprime fact of the day...continue to full post

Full post as published by Crime & Federalism on November 22, 2010 (boomark / email).

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Lawsuits and Settlements

Tyler Technologies Inc and EDP Enterprises Inc
Face Class Action

Goldman Sachs
Agrees $60 Million Subprime Settlement in Massachusetts

Lenders Fined
Ryland Group Inc. settles $370,000 questionable lending suit.

Chevy Chase Bank
lawsuit claims the bank is in violation of the Truth in Lending Act

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