Stalled: President Obama's State of the Union Housing 'Stunt'

February 12, 2013

Joel H. Bernstein comments on the progress made by the Residential Mortgage-Backed Securities Working Group created by President Barack Obama

There shouldn't be a rush to file and prosecute cases, securities lawyers say. The issue is winning, not finishing fast, and there's plenty of time to get it right.

"I'd be all in favor of careful investigations putting together cases that are bulletproof rather than bringing a bunch of cases that can be easily thrown out or dismissed," said Joel Bernstein, a partner at the securities litigation firm Labaton Sucharow.