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Justice Nicholas Hamblen of the Commercial Court in London recently handed down a judgment in which he dismissed all claims brought against Barclays Bank.
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The trend in recent years has been the near-complete disappearance of non-agency mortgage-backed securities issuance.
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This is an extremely broad topic. While most regulators, Congress and the press know ratings agencies don't have a good record recently with regard to mortgage-backed securities, they mostly don't realize how well ratings for asset-backed securities held up during the recent credit crisis.
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The "Great Recession," the moniker now attached to our most recent economic downturn, has put a bright spotlight on many financial areas of our economy that the average citizen has no ability to grasp.
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Lehman Brothers Special Financing Inc.'s pending appeal against the judgments of the U.K. High Court and the Court of Appeal in the so-called "flip clause cases," concerning the enforceability of flip clauses, is scheduled to be begin with Belmont Park Investments Pty Limited (Belmont Park Investments Pty Limited v BNY Corporate Trustee Services Limited and Lehman Brothers Special Financing Inc (UKSC 2009/0222)) on March 1, 2011.
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The Securities and Exchange Commission ("SEC"), similarly to the Federal Deposit Insurance Corporation, seems to believe securitization needs dramatic reform in order to cure its ills.
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Niall Ferguson, in his latest book, The Ascent of Money: A Financial History of the World, wrote the substantial increase in Western Civilization's standard of living since the Middle Ages has as much to do with the provision of credit in economies, as with constant improvement of scientific technology.
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It's that time of year again where we get to turn the page, wipe the slate clean, and turn over a new leaf.
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The U.S. has about 44 million single family homes and millions more commercial buildings all readily suitable for the application of solar installations.