Housing/Financial CrisisThis course will examine the legal issues surrounding the recent housing/financial crisis. The first half of the course will provide an overview of explanations for the crisis from multiple perspectives, with a focus on the housing and mortgage elements of the crisis. The second half of the course will involve an examination of the legal responses to the crisis, including private lawsuits, defenses to foreclosure, the attorney general settlement efforts, and the federal criminal investigations. Each student will be responsible for a final paper in which they explore the (legal) merits of a private litigation strategy. There will be no final exam. We will make at least one field trip to watch foreclosures in action, and have guest lecturers.
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