Faculty in the News - Archive
Wednesday, December 31, 2008Professor Michael GreenbergerLos Angeles Times
- Many California city governments have resorted to financial sleight-of-hand schemes to raise the cash they need to bankroll public works projects-but in some cases, dead loads have increased substantially. Michael Greenberger, JD, a professor at the School of Law and a former director at the Commodity Futures Trading Commission, said, "There are many cities and counties engaging in complex financial deals that they don%E2%80%99t really understand ... and now it's starting to catch up with them."
Thursday, December 25, 2008Professor Brenda Bratton BlomClinical Law Prof Blog
- Brenda Bratton Blom, JD, PhD, of the School of Law is one of four professors who have published "Conversations on 'Community Lawyering': The Newest (Oldest) Wave in Clinical Legal Education," in the Washington University Journal of Law and Policy
. This article explores the pedagogical and professional challenges and rewards of community lawyering and clinical legal education.
Wednesday, December 24, 2008Professor Michael GreenbergerNewsweek
- While there's a push in Washington to regulate complex derivative instruments that are at the heart of today%E2%80%99s financial crisis, some of the incoming administration's prospective financial leaders have opposed such regulations in the past. Michael Greenberger, JD, a professor at the School of Law and a former director at the Commodity Futures Trading Commission, said, "Any plan that ignores the fundamental requirements of transparency, capital adequacy, antifraud and antimanipulation authority won't work. You can throw all the money in the world at stimulus proposals, bailouts, what have you, but if you don't form a concrete foundation that wards off the kind of conduct that's taken place up to now, the trust will never be restored. The American public wants to know that when it looks at a balance sheet, it understands what's happening."
Wednesday, December 24, 2008Professor Michael GreenbergerWUSA TV, Ch. 9 (Washington, D.C.)
- Despite several warnings from inspectors inside the Securities and Exchange Commission (SEC), Bernard Madoff allegedly ran a $50 billion Ponzi scheme without interruption until his arrest in December. Michael Greenberger, JD, a professor at the School of Law and a former director at the Commodity Futures Trading Commission, said, "I think that basically when the investigation is done, people are going to come to the conclusion that Madoff just had such a sterling reputation that the investigators at the SEC and others just refused to believe that anything could be wrong."
Monday, December 22, 2008Professor Lisa FairfaxThe Los Angeles Times
"We're obsessed with race and ethnic relations in the U.S., so much so that we tend to believe that most crime, violent or otherwise, is committed across racial, ethnic or religious lines. We make a special category for "hate" crimes. Indeed, Charles Ponzi, who gave pyramid schemes his name in the 1920s, mostly defrauded his fellow Italian Americans. In part because these crimes do target identifiable groups and shatter the victim's notions regarding the relative trustworthiness of their group members, Lisa Fairfax, JD, a professor at the School of Law argues that affinity fraud should be added to the roster of hate crimes. Fairfax's notion that affinity fraud deserves special notice is worth considering.
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