House Democrats have introduced legislation that would hold third-party banks liable for packaging and reselling mortgages that the borrower decides to sue on. Back in April, I wrote in the Wall Street Journal why this earmark for trial lawyers would be disastrous to the economy and make the subprime crisis far worse than it is now.
Bad idea: Barney Frank legislation on mortgages
Related Entries:
- FHFA warns against using eminent domain to address mortgage crisis
- Richard Epstein: Eminent domain won't fix the mortgage crisis
- Michigan Justice Diane Hathaway's short sale
- DOJ and state AGs encourage moral hazard
- CFPB paternalism
- What media bias? Freddie Mac edition
- MetLife fires 4,300 citing uncertainty and overregulation
- SEC and Citigroup Anxiously Await Ruling
- "It's Time To Finalize The Robo-Signing Settlement"
- On KPCC today
- Your tax dollars at work: encouraging moral hazard
- Around the web, September 9
- "Justice's New War Against Lenders"
- Around the web, August 19
- Mortgage-discrimination suits and legalized theft
![]() |
Rafael Mangual Project Manager, Legal Policy rmangual@manhattan-institute.org |
![]() |
Communications Manhattan Institute communications@manhattan-institute.org |