California Supreme Court

California Supreme Court Risks Subprime Crisis II

In a blockbuster ruling by the California Supreme Court that could be a disaster for the $8.7 trillion mortgage bond market, defaulted borrowers can now sue to void a “wrongful foreclosure” if the assignment of their note and deed of trust bore any defects.

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California Supreme Court Could Stop Bullet Train

The California Supreme Court threw a giant obstacle on the California bullet train’s track toward fruition this week, ruling that the state agencies cannot escape the state’s environmental laws by claiming federal laws supersede them.

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