Law Offices of Lee M. Nigen

03/16/2023

Our century’s worst destabilization of our financial system is underway, sandwiched between invasion of American of airspace by Chinese surveillance last month and Russia’s intentional downing of an American drone over the Black Sea yesterday.

Anyone who wants to believe that nothing worse is yet to come may wish to consider investing in helium and other elements that do not suddenly explode when ruptured by sudden disturbance. For the rest of us, precious metals are a more reasonable investment.

03/12/2023

Banking Crisis Law 101

In 2008, we learned that certain bank are too big to fail. In 2023, we are learning something new:

When it comes to depositors:

Too big, so bail.

The evening’s news brings word that the Treasury, FDIC, and the Federal Reserve are acting in concert to stabilize the weekend bank system crisis by assuaging fears of large depositors of SVB, and now Signature Bank, that billions of dollars of deposits will be covered even for needy Americans with over $250,000 on deposit.

Millionaires and billionaires unable to reach their failed bankers are now backstopped, just as the 2008 TARP bailout rescued the nation’s largest banks before the mortgage debacle destroyed our financial system.

The American legal system, which countenances foreclosures on ill and distressed homeowners, has no problem acting upon the whims of our nations largest banks, saved by the American taxpayer several times this century from savings and loan debacles, credit default swaps, blown up blockchains, criminal mismanagement, and rank speculation through proprietary trading.

It is time to propose an alternative to our failed attempt at a banking system so morally bankrupt that every attempt at banking regulation, Congressional oversight, and market checks and balances have failed.

Future posts may propose solutions.

03/05/2023

GW Bridge west tower

02/23/2023

I if we’re the President, I’d visit a disaster site yards away from the border of two swing states in order to avert the comparison of taking a ten-hour train ride between Poland and Ukraine during the same week. Of course, no one is asking me…….

His planned appearance near the scene of this month’s toxic derailment has Democrats pointing to his past efforts to roll back train and chemical regulations.

05/15/2022

Please allow me to advise all courts, counsel, and, most of all, clients, that both of my parents are currently hospitalized.

I can be reached at 646 248 8090, or my answering service will take a detailed message, and I monitor and respond to email at [email protected]

Thank you for your ongoing thoughts and prayers.

05/11/2022

In order to assist with hospitalization and medical care of members of the immediate family, I have advised courts, counsel, and clients that I am on intermittent emergency leave on an ongoing basis. I have engaged an answering service around the clock, and I can be reached at 646 248-8090 when available.

Present circumstances are unpredictable, and I appreciate your prayers and support during these challenging moments. My email address, which I also monitor regularly, is [email protected].