With the release of results from the government’s “stress tests” on the nation’s largest financial institutes, 10 major banks must raise nearly $75 billion in capital. Former Fed bank examiner Mark T. Williams, who teaches at the School of Management, says, “The race is on now: Whoever gets to market first and has the most […]
Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and former counsel to the Fed Board of Governors, looks beyond the banking “stress tests” to lessons learned. “Assuming the stress tests produced ‘material’ findings for the bank regulators (BofA’s $34 billion capital deficiency seems to be ‘material’) doesn’t this say […]
Law Professor Tamar Frankel, author of “Trust and Honesty: America’s Business Culture at a Crossroad,” says taxation is a reasonable tool to use to control corporations which are being given federal bailout money because they’ve become “too big to fail.” “Many wonder and worry about the mammoth banks and corporations that became ‘too big to […]
Law Professor Linda McClain, an expert in family law and policy, says it is interesting how Maine became the fifth state to legalize same-sex marriages when Governor John Baldacci signed the bill passed by the state Senate. “Maine is interesting because it has a relatively modest domestic partnership law that is not nearly as inclusive […]
Law Professor Tamar Frankel, an authority on securities law and legal ethics, applauds the Securities and Exchange Commission for bringing its first insider-trading case involving the unregulated financial world of Credit Default Swaps. “It makes good sense for the SEC to start prosecuting in the area of credit swaps. First, one can learn a lot […]
Former deputy Comtroller of the Currency Robert R. Bench, now senior fellow at the School of Law’s Morin Center for Banking and Financial Law, says the Fed’s “stress tests” on the nation’s largest banks will help clarify the murky state of the industry. “The very good news with these stress-test results is that policymakers have […]
College of Communication Professor T. Barton Carter, an authority on communication law and an FCC expert, said the Supreme Court ordering a lower-court review of the fine against CBS for the Janet Jackson’s “wardrobe malfunction” at the 2004 Superbowl means that case still has a long way to go in light of the high court’s […]
With the release this week of results of the “stress tests” on the nation’s largest banks, Robert Bench, senior fellow at the School of Law’s Morin Center for Banking and Financial Law and former deputy Comptroller of the Currency, says federal regulators will be tough. “The federal banking agencies have the striped-shirt and the whistle, […]
With the Boston Globe on a midnight cost-cutting deadline ultimatum from its parent New York Times to stay alive, College of Communication Associate Dean Tobe Berkovitz reflects on the big picture. “It’s down to the wire in the battle of the Boston Globe and New York Times. Media coverage of the story is a throw […]
With word that Justice David Souter will retire from the Supreme Court, Law Professor Jack Beerman, an authority on the court, says former law-school professor Obama is in a unique position to nominate a successor. “President Obama, having been a law professor and president of the Harvard Law Review, is in a unique position to […]
