The next few posts will be from an paper I wrote a few years ago concerning the banking crisis and the IRS Notice 2008-83. While I had not thought of this topic in quite a while, the current conversations around Bank of America’s purchase of Countrywide and the latest settlement makes this a touch more relevant at the moment. I have not edited this at all, and calling it a rough draft would be generous.

Programming note: I will probably not continue the topic of the AIA. It was not as interesting as I thought, and the amount of time it would take to turn it into something worth reading was starting to become daunting.