Posts by: Dick Taffe

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 […]

How much is that spill?

The BP oil spill now has released at least 1.3 million barrels of oil into the Gulf of Mexico since the Deepwater Horizon oil rig explosion on June 15th.  What’s that equivalent to?  Professor Cutler Cleveland, director of the BU Center for Energy and Environmental Studies and editor of Encyclopedia of Earth” suggests some possibilities […]

Derivatives amendment showdown

Enemies on all sides are coming down on Arkansas Democratic U.S. Senator Blanche Lincoln’s amendment to the regulatory reform bill that would rid banks of their lucrative derivatives business which played such a huge rule in the 2008 financial crash.  Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and […]

FDA and outsourced drug making

The Food and Drug Administration reportedly will propose tougher regulations for pharmaceutical companies that outsource manufacturing of drugs, making them more responsible for the safety and purity of the products made by contractors.  Law Professor Kevin Outterson, an authority on food and drug law and director of the Healthy Law Program, says the changes likely […]

Panel to examine Gaza raid

In an effort to stave off calls for an international inquiry and international criticism, Israel’s cabinet approved a government-appointed commission with foreign participation to investigate the deadly commando raid last month on a flotilla bound for blockaded Gaza.  But international relations Professor Augustus Richard Norton, author of “Hezbollah: A Short History,” says the proposed Israeli panel falls […]

BP faces Congress

It’s all BP all the time in Washington this week.  After President Obama addresses the nation Wednesday on the BP oil spill situation, company executives on Thursday face a Congressional hearing on the matter.  Visiting law Professor Elizabeth Nowicki, both a former SEC and Wall Street attorney, says BP CEO Tony Hayward would be well-served to remember […]

U.S., Jordan in nuke-power talks

The U.S. and Jordan, it’s closest Arab ally in the region, reportedly are negotiating a nuclear-cooperation agreement that would let American firms expert nuclear components and know-how to Jordan — but won’t allow Jordan to produce its own nuclear fuel.  International relations Professor William Keylor, author of “A World of Nations: The International Order Since […]

Dell settling Intel claims

Dell is in settlement talks with the Securities and Exchange Commission to resolve allegations that its founder/CEO Michael Dell engaged in financial irregularities related to Dell’s dealings with chip-maker Intel — with no admission of guilt or bar of Dell from service as an officer or a public company.  Visiting law Professor Elizabeth Nowicki, a […]

AIG bill still hitting taxpayers

The Congressional Oversight Panel says in a scathing report that the government failed to exhaust all options before bailing out the insurance giant American International Group — although the rescue did help the financial system avert collapse.  Nonetheless, the watchdog panel says taxpayers may never be paid back all of the $182 billion funneled to support AIG.  […]

Gulf spill and global oil production

The International Energy Agency, in its monthly Oil Market Report, says the Gulf of Mexico spill is a potential “game changer” for oil supply, possibly restricting figure sub-sea oil development and limiting supply.  But Professor Cutler Cleveland, director of the BU Center for Energy and Environmental Studies and editor-in-chief of the Encyclopedia of Earth, see […]