Posts by: Dick Taffe

Geithner calls for major overhaul of financial rules

Boston University Law School professors react to Treasury Secretary Geithner’s wide-ranging plan to overhaul financial regulation. Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and former counsel to the Fed Board of Governors: “Secretary Geithner has kicked off the debate over regulatory reform starting with systemic risk.  Regrettably, the proposals […]

Netanyahu promises peace effort

Journalism Professor Robert Zelnick, author of “Israeli Unilateralism: Beyond Gaza” and former ABC News correspondent, says that the Israeli Labor Party joining the coalition with Israeli PM-designate Benjamin Netanyahu’s party means Netanyahu has an opportunity to make peace with the Palestinians. “The accord with Labor gives Netanyahu some flexibility to deal with both U.S. peacemaker George Mitchell and Palestinian negotiators […]

New oversight for non-bank financial entities

Former Deputy Comtroller of the Currency Robert Bench, now senior fellow at the BU School of Law’s Morin Center for Banking and Financial Law, says a new financial receivership regime must be created to permit the orderly “wind-down” of assets at non-bank financial institutions — like AIG and hedge funds. “Use of existing bankruptcy laws […]

Liberal v. Conservative Health-Care Reform?

School of Management Professor Stephen Davidson, in a Reuters commentary, argues that it is false to suggest there are two equally viable paths to true health-care reform, one liberal and one conservative.  The author of “In Urgent Need of Reform: Saving the U.S. Healthcare System” explains how competition among private insurers will always produce large […]

“Transfusions don’t stop the bleeding”

In a Reuters commentary, School of Management Dean Louis Lataif argues that bit-by-bit bailouts to the auto industry and its suppliers won’t save the industry.  The former Ford executive says bridge loans to the auto makers would be more effective while efforts are made to deal with falling housing values and toxic mortgage-backed securities — which […]

Public/private partnerships to buy toxic assets

School of Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and former counsel to the Fed Board of Overseers, says Treasury’s plan to buy up toxic bank assets is thin on inducements for private investors to get involved. “It appears that the plan is going to be very heavy on […]

IBM and Sun meet in the ‘cloud’

School of Management Professor N. “Venkat” Venkatraman, chairman of the Information Systems Department, says a would-be acquisition of Sun Microsystems by IBM could well serve IBM’s push to lead the effort to create for a “smarter” business infrastructure. “IBM’s supposed move to acquire Sun Microsystems is seen in some quarters as a radical shift in […]

“Africa is a continent and not a country”

Former two-term President Festus Mogae of Botswana, beginning his stint as the sixth African President in Residence at BU’s African Presidential Archives and Research Center (APARC), talks in a BU Today interview about what he hopes to accomplish during his three-month residency on the Charles River campus.

Easing antitrust policy for newspapers smart move

College of Communication Professor Lou Ureneck, chairman of the Journalism Department and former executive editor of the Philadelphia Inquirer, says the Justice Department’s willingness to consider easing antitrust policy for newspapers would be good for the struggling industry. “This is a positive and reasonable government response to the newspaper crisis.  Newspapers are the chief source […]

Bridge Loans to auto makers would work

School of Management Dean Louis Lataif, a former Ford executive, says rather than providing bailout financing to auto-parts suppliers it would be better for the entire industry for the government to provide bridge loans to the auto makers themselves. “The American public is growing increasingly dismayed by ‘bailouts’ and I’m surprised the government continues to […]