More Investigations Expected From RMBS Working Group, Likely to be Influenced by Turf Wars, Politics
January 25, 2013
Some top legal minds expect to see more investigations, and perhaps settlements, brought by the Residential MBS Working Group in the months ahead, and theyll likely be flavored by interagency turf wars and the political ambitions of the elected officials that are helping to steer the groups actions. Just on the basis of prosecutorial rivalry, you can expect there will be further activity in this area, said Jeremiah Buckley, partner in the BuckleySandler law firm, during a webinar discussion this week on the working groups activities. Andrew Schilling, former chief of the Civil Division of the U.S. Attorneys Office for the Southern District of New York...