Recent Faculty Scholarship

Great scholarship serves the community in many ways. Brooklyn Law School’s faculty have produced a remarkable collection of work on a wide range of topics that have reached readers worldwide. They have influenced legislation, judicial decisions, and teaching methodologies. In this section is a small sampling of some of the more recent research that is a source of great pride for the Law School. Read more about the scholarship produced in the last several years.

Bradley Borden
Bradley Borden

Bradley Borden and David Reiss
Wall Street Rules Applied to REMIC Classification

Investors in mortgage-backed securities, built on the shoulders of the tax-advantaged Real Estate Mortgage Investment Conduit (“REMIC”), may be facing extraordinary tax losses because of how bankers and lawyers structured these securities. This calamity is compounded by the fact that those professional advisors should have known that the REMICs they created were flawed from the start. If these losses are realized, Professors Borden and Reiss argue that those professionals will face suits for damages so large that they could put them out of business.

David Reiss
David Reiss

An abstract of their forthcoming paper, was published by Thompson Reuters. In this article, Professors Borden and Reiss describe the history of the problem and argue that industry-wide reform is needed. “If the rule of law is respected, then Main Street can look forward to the equal protection of the law and returned prosperity without fear of bubbles inflating because powerful special interests can flout the law that applies to the rest of us.”

reiss

Experience Prof. David Reiss’s Community Development Clinic.

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