Jake On Subprime Litigation
You’ve been hearing it here for a while.
Now Jake Zamansky is ready to give his expert opinion.
The world is in for an unprecedented litigation tsunami. Subprime isn’t the new dot-com, it’s in a whole other class altogether. Wrongdoing is likely much more pervasive and egregious and claims will reach into the multi-billion dollar range. Already there are over 32 class actions filed against mortgage lenders, originators, and Wall Street brokerages alone and multiple civil and criminal probes. There is one thing in common with the tech-bubble: investors were left holding the bag.
Ya’ll better run because you can’t hide.
Sue the bastards! Let ’em pay.