June 30, 2010 at 12:56 pm
By threatening to withhold his vote for the final compromise, Massachusetts GOP U.S. Senator Scott Brown (l.) got the Democratic negotiators on the financial regulatory reform bill to delete a $19 billion fee on large financial institutions to cover costs of implementing the new law. Law Professor Cornelius Hurley, director of the Morin Center for [...]
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Posted in Professor Voices
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Tagged Barney Frank, Boston University School of Law, BU LAW, Christopher Dodd, Cornelius Hurley, Democrats, Fed Board or Governors, Federal Reserve, financial regulatory reform, GOP, Morin Center for Banking and Financial Law, Republicans, Scott Brown, Senator Scott Brown, US Senate
June 29, 2010 at 11:00 am
The death of U.S. Senator Robert Byrd (r.) is threatening to delay passage of the sweeping Wall Street regulatory reform legislation until mid-July after it had been on track for House and Senate votes this week. Law Professor Cornelius Hurley, a former counsel to the Federal Reserve Board of Governors and now director of the Morin [...]
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Tagged Barney Frank, Boston University School of Law, BU LAW, Christopher Dodd, Congress, Cornelius Hurley, Federal Reserve, Federal Reserve Board of Governors, financial regulatory reform, House of Representatives, Morin Center for Banking and Financial Law, Robert Byrd, Senate, Senator Byrd, To Big To Fail, US Senate, Wall Street
House and Senate conferees finally worked out a compromise bill aimed at reshaping financial regulations to avoid another Crash of ’08, with a final vote set for next week and President Obama expected to sign it by July 4th. As expected: many winners and losers. One controversial provision gives the SEC authority to require stockbrokers to [...]
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Tagged Boston University School of Law, broker-dealers, BU LAW, compromise bill, Congress, Crash of 2008, EC, economic downturn, fiduciary responsibility, financial regulatory reform, House of Representatives, July 4th, law school, President Obama, security law, Senate, Tamar Frankel, Trust and Honesty: America's Business Culture at a Crossroad, US Congress, US Senate
The Supreme Court restricted a favorite tool for pursuing corrupt politicians and self-dealing corporate chiefs, ruling that the law that makes it a crime to deprive the public or one’s employer of the “intangible right of honest services” can only be used where they could prove defendants accepted bribes or kickbacks. It means, for instance, that [...]
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Tagged Boston University School of Law, BU LAW, BU Law School, CEO Jeff Skilling, Conrad Black, Elizabeth Nowicki, Enron, honest services law, intangible right of honest services, Jeffrey Skilling, Justice Sonia Sotomayor, SEC, Supreme Court, Wall Street
