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Parliament.UK - Carmel Butler Memo

The following text and documents are in the public domain and can be found on

Under the Title of Banking Crisis and Treasury Contents is a section of memorandums, commentaries and written evidence.

Specific to Mortgage Securitisation is an inside view from a UK legal professional Carmel Butler:


Carmel's Introduction:

I am British Citizen resident in the UK and a qualified lawyer admitted to practice in New York, U.S.A. I have an LLB Laws from the London School of Economics and a JD (Juris Doctor) from Columbia University, New York. I practiced securities law at Sidley Austin LLP New York office from September 2006 to December 2007. Whilst at Sidley Austin I worked on various Structured Finance transactions such as mortgage securitisations, CDOs and various derivatives. I am also a consumer of a mortgage product that has been securitised. Consequently, as both an ex-practitioner of securitisations