Tagged: law school

Financial regulatory bill agreed on

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 […]

Financial regulatory reform showdown

House and Senate conferees hope to wrap up this week the final version of financial regulatory reform legislation to send to President Obama, with chairmen Barney Frank and Chris Dodd delicately trying to compromises without losing votes for the overall package.  What do about the trading of derivatives – the complex financial packages which helped sink […]

Arizona fighting the 14th Amendment

On the heels of passing a controversial law involving screening illegal immigrants, the Arizona legislature is considering a bill that would deny citizenship to children of illegal immigrants, despite the 14th Amendment to the U.S. Constitution that specifically grants naturalized citizenship to such children.  Law Professor Susan Akram, an authority on immigration law, says getting such […]

The FDIC’s deposit-insurance limit

Congressional negotiators working out difference between the House and Senate financial reform bills are hammering out compromises right and left.  One would permanently (and retroactively to January 2008) move from $100,000 to $250,000 the deposit insurance on individual bank accounts.  Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and […]

Congress eyes credit-rating agencies

The Congressionally sponsored bipartisan Financial Crisis Inquiry Commission now has cast its eyes on the credit-rating agencies and the impact they may have had on the Great Crash of 2008.  Law Professor Elizabeth Nowicki, a veteran attorney from both Wall Street and the Securities and Exchange Commission, says the agencies are both hopelessly plagued by […]

Israeli flotilla raid condemned

After the UN Security Council condemned Israel’s open-seas raid on a flotilla headed with humanitarian aid to Gaza, Israel says the 600-plus activists it arrested are being freed and expelled from the country.  Law Professor Robert Sloane, an authority on international law, says Israel violated a very basic customary norm of international law: the freedom of […]

Morgan Stanley new Fed target

Wall Street investment bank Morgan Stanley reportedly is being investigated by federal authorities to see if it misled investors about mortage-derivatives deals it helped design and sometimes bet against.  This is on the heels of the Securities and Exchange Commission charging Goldman Sachs with securities fraud involving similar collateralized debt obligations or CDOs.  Law Professor […]

FDIC floats bank-reform proposals

The Federal Deposit Insurance Corp. is proposing that the top 40 U.S. banks — with assets totaling $8.3 trillion — submit “living wills” to show how they could be split off from parent companies and wound down.  In parallel with Congressional reform efforts, the FDIC also is proposing that those selling securitiezed assets retain 5% […]

SEC probes stock-market plunge

Heads of the major stock exchanges were summoned to Washington by federal regulators to try to help figure out what caused last week’s computerized sell-off the shot the Dow Jones Industrial Average down 1,000 points in a matter of minutes.  Law Professor Elizabeth Nowicki, a former Securities and Exchange Commission attorney and Wall Street lawyer, […]