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2013-07-16 — bloomberg.com
``U.S. District Judge Katherine Forrest asked why Coffey's cross-examination of Dwight M. Jaffee, a professor of banking, finance and real estate at the University of California, Berkeley's Haas School of Business called as an expert by the SEC, threatened to take longer than the hour to 90 minutes he had originally estimated.
Coffey said the jury didn't seem to understand Jaffee's explanation of how CDOs work.
"A good 20 minutes of that was necessary for all of us," Coffey told Forrest, referring to his extended questioning. Jaffee, the first witness called in the trial, began testifying July 15. ''
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