Westchester monitor: take down that criticism of HUD settlement
When local governments lack a properly compliant attitude: The federal monitor overseeing Westchester’s much-debated court settlement with the U.S. Department of Housing and Urban Development over...
View Article“Your No. 1 client is the government”
My new Cato post tells how on-site feds increasingly direct big business decisions. P.S. Related thoughts on deferred prosecution agreements from Brandon Garrett and David Zaring at NYT “DealBook.”...
View ArticleOn TV discussing Apple, music-teacher cases
I was a guest Friday on Fox Business Network’s The Willis Report, with guest host Dennis Kneale, to discuss two antitrust cases in the news: Apple’s vigorous efforts to fight back against a monitor...
View ArticleMarch 5 roundup
U.S. Commission on Civil Rights commissioners Gail Heriot, Peter Kirsanow: Administration’s new policy on race and school discipline likely to make schools more chaotic [Robby Soave, Daily Caller,...
View ArticleCitigroup to pay $7 billion in mortgage settlement
WSJ editorial this morning: “We hold no brief for Citi, which has been rescued three times by the feds…. [But] good luck finding a justification for [the $7 billion figure] in the settlement agreement....
View ArticleFeds to put monitors inside two banks
Via Politico, a WSJ news item from last month that should not pass unremarked: New York’s banking regulator is pushing to install government monitors inside the U.S. offices of Deutsche Bank and...
View ArticleBanking and finance roundup
Critics say by naming payment processors in massive enforcement action over debt collection practices, CFPB is implementing its own version of Operation Choke Point [Kent Hoover/Business Journals;...
View Article“Apple’s Antitrust Lord – The outside legal monitor who bills for reading our...
This Wall Street Journal editorial may be under a paywall or registration for some readers, but its highlight comes in its headline: settlement monitor Richard Bromwich, appointed by a federal judge in...
View ArticleBanking and finance roundup
Robert Litan in Fortune on why Elizabeth Warren went after him; “Economists have no idea how to measure the value created by the financial sector.” [Arnold Kling] W$J at end of August had an...
View ArticleD.C. Circuit: Don’t second-guess DPAs
Deferred prosecution agreements and their close relatives non-prosecution agreements (DPAs/NPAs) have become a major tool of white-collar prosecution in recent years. Typically, a business defendant in...
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