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Casebook Read Credits
Topics in Financial Regulation: Consumer and Investor Protection
Section 5 . 1

TFR Class Eleven: The Rise of Securitization -- March 10, 2015

Howell E. Jackson

In today's class, we will look at the rise of securitization over the past thirty years. Our initial reading is an influential article written by a leading management consultant to the financial services industry back in 1988, outlining the benefits of securitization. The readings then move ahead nearly two decades and present several legal cases struggling with new issues of legal interpretation that securitization posed for the courts. A NY Times articles from 2013 discusses another, novel legal issue that arose in the aftermath of the financial crisis. As background reading, at the of the assignment, is a 2011 law review article offering one perspective on what went wrong with mortgage securitizations leading up to the Financial Crisis of 2007-2008.

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