October 30, 2009 at 3:17 pm
Treasury Secretary Timothy Geithner is still trying to convince Congress to pass legislation to deal with “too big to fail” financial institutions before they get to the point of collapse. Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and a former counsel to the Fed Board of Governors, says [...]
August 6, 2009 at 12:20 pm
It’s reported that an overhaul of mortgage giants Fannie Mae and Freddie Mac may be in the works. The Obama administration’s plan would be to strip them of billions in troubled loans and build a new structure to support the home-loan market. Robert Bench, a former deputy Controller of the Currency, now a senior fellow at the [...]
Two former SEC chairman are proposing an overhaul of U.S. financial regulation that is significantly “bolder” than that recently proposed by the Treasury Department. School of Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and former counsel to the Fed Board of Governors, can compare the proposals.
Contact Cornelius Hurley, [...]
The inspector general probing the SEC’s failure to discover Bernard Madoff’s $65 billion Ponzi scheme recommends that whistleblowers should be paid a bounty for information about financial fraud. School of Law Professor Tamar Frankel, an authority on securities law, says such rewards would be a two-edged sword and probably limited to outsiders (insiders thereafter couldn’t [...]
Coping with a government bailout/buy-in and a share price down 84 percent from last year, Citigroup reportedly intends to raise base salaries as much as 50 percent to offset smaller annual bonuses. School of Management Professor Fred Foulkes, director of the Human Resources Policy Institute, can discuss how this might go over with the Obama [...]
President Obama’s sweeping financial regulatory reform package now heads to Congress for more than a dozen committee hearings and an avalanche of lobbying by those whose ox could be gored. Risk-management expert Mark T. Williams, a former Federal Reserve bank examiner who teaches finance in the School of Management, can discuss the players and the [...]
June 17, 2009 at 10:43 am
In an effort to curb the risk-taking that triggered the global financial crisis, the Obama administration today unveils its sweeping plan to overhaul U.S. financial regulations. School of Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and a former counsel to the Federal Reserve Board of Governors, can discuss [...]
June 16, 2009 at 10:17 am
Bankrupt automaker General Motors will sell its Swedish unit, Saab, to a consortium led by Koenigsegg Automotive, makers of high-performance sports cars. GM already has sold Opel and is selling or dumping its Hummer, Saturn, and Pontiac lines. Former Ford executive Louis Lataif, now dean of the School of Management, can discuss the industry’s big [...]
June 15, 2009 at 11:51 am
Bailed-out insurance giant American International Group today takes its former long-time CEO Maurice Greenberg to court for allegedly plundering $4.3 billion from a trust set up to reward top performers. School of Law Professor Tamar Frankel, an authority on securities law and a legal-ethics expert, says our business culture of greed made this all possible.
Contact Tamar Frankel, 617-353-3773, tfrankel@bu.edu
June 15, 2009 at 10:58 am
Word is leaking about about the Obama administration’s plan to regulate Wall Street, to be announced Wednesday. School of Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and a former Federal Reserve lawyer, can discuss the likely impact of the proposed changes.
Contact Cornelius Hurley, 617-353-5427, ckhurley@bu.edu
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