March 30, 2009 at 10:48 am
School of Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law, says the onging debate between Treasury Secretary Timothy Geithner and columnist and Nobel winner Paul Krugman is revealing. “The Geithner vs. Krugman debate is interesting. At least we can be confident that Krugman hopes Geithner suceeds, unlike others with […]
March 26, 2009 at 3:19 pm
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 […]
March 25, 2009 at 12:07 pm
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 […]
March 24, 2009 at 12:14 pm
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 […]
March 19, 2009 at 12:26 pm
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 […]
March 19, 2009 at 8:46 am
School of Management Professor James Post, an authority on corporate governance and business ethics, in a BU Today Q&A discusses the impact of the furor over the AIG bonuses and how it could impact both the short-term recovery process and the long-term future of executive compensation in the financial services industry. Contact James Post, 617-353-4162, […]
March 16, 2009 at 10:46 am
Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law (and early in his career responsible for executive compensation at Shawmut National Corporation, now part of Bank of America) says there should be no bonuses at bailed-out insurance giant AIG. “It defies imagination that the Treasury Department would sign off on […]
March 6, 2009 at 11:08 am
Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law, proposes a 3-step plan to deal with “To-Big-To-Fail” firms seeking bailout bucks. (1) Identify them publicly; (2) regulate them intensely; and (3) levy a charge on them equal to the cost-of-funds advantage they derive from being designated TBTF. “TBTF firms will […]
March 4, 2009 at 10:41 am
School of Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and former counsel to the Fed Board of Governors, says executives at banks taking taxpayer bailout funds should give back bonuses that flowed from investments in toxic assets that are now crippling the industry. “It is generally understood that […]
November 30, 2008 at 3:58 pm
School of Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial law and a former counsel to the Federal Reserve Board of Governors, says the government’s bailout of Citigroup needs more oversight than initially planned. “Once again, the Treasury has opened its coffers to bail out a private institution without requiring […]
