Volume 6, No 1. Spring 2010
Morrison & Foerster Quarterly News
Editor’s Note
Toyota isn’t the only one suffering Sudden Acceleration Syndrome.
Bank lawyers are also starting to develop a crick in the neck over
all the abrupt stops and starts. Just look at what happened.
Bankers across the country reported a sudden lurch in acceleration
with the announcement of the Consumer Financial Protection
lawmakers got great mileage but others said they had problems
getting traction and then, during a test drive, some Senators felt
an unexpected slamming on the brakes. Coincidentally, the loud
hissing noise disappeared right about that time.
Next, there was the oh-so-snug “sudden seatbelt tightening”
problem reported in many of the higher-end “Executive
Compensation” sports sedans. The top-of-the-line models even
came with driver ejector seats, and those seem to be working
tightening” at Fannie Mae and Freddie Mac. Speaking of which,
there are rumors of a Fannie and Freddie recall due to a “rear
view mirror” adjustment problem, with losses likely to exceed
that in life, as in rear view mirrors, obstacles really are closer
than they appear.
arrived in 3-D and Dolby surround-sound. The CARD Act
should be partners in the economic recovery or be served on
pitchfork-kabobs. Big Banks got assessed a whopping Bailout
Tax, and the confounding RESPA rules on GFEs and HUD-1’s
went into effect in January. That is only a small part of what we
http://www.mofo.com/
s.
Until next time, hug a bank lawyer and don’t accept any trouser
hand-me-downs from the Norwegian men’s Olympic curling team.
William Stern, Editor-in-chief
Financial Services Report
Staying Ahead of the Summons
2Arbitration Report
2Beltway Report
3Preemption Report
5Operations Report
7Mortgage Report
8Privacy Report
MoFo Metrics
21.2: Percentage of Olympic gold medal
winners who sang nation’s anthem on
the podium
61: Percentage of Americans who
don’t know the words to the
national anthem
33: By 2012, percentage of American
workforce over 50
771: Dollars average American spent on
telecommunications per year, 2004
997: Dollars average American will
spend on telecommunications,
2010
7.5: Hours/day average US youth uses
electronic media
17.6: Percentage of U.S. adolescents
who are obese
11: Minutes of actual playing time in
average NFL football game
