Faculty in the News - Archive
Tuesday, October 7, 2008Professor Danielle CitronMedia Law Prof Blog
– Danielle Keats Citron, JD, associate professor at the School of Law, has published "Cyber Civil Rights," in volume 89 of the Boston University Law Review (2009). It states that social networking sites and blogs have increasingly become breeding grounds for anonymous online groups that attack women, people of color, and members of other traditionally disadvantaged groups.
Tuesday, October 7, 2008Professor Michael GreenbergerAssociate Press, CNN Money, Washington Post, Philadelphia City Paper, The Jewish Journal
– Over the last decade, banks, insurance companies, and large financial institutions have relied on the unregulated swaps market to hedge their bets and the bets of others on certain investments, namely securities laden with subprime mortgages. Michael Greenberger, JD, a professor at the School of Law and a former director at the Commodity Futures Trading Commission, said "nobody knows where all the credit default swaps lie %85 and that’s really proven to be a big problem." Because credit default swaps are not regulated, institutions can sell them as "insurance" without holding the capital to back those so-called insurance guarantees.
Monday, October 6, 2008Professor Michael Greenberger"Lou Dobbs Tonight," CNN
– Treasury Secretary Henry Paulson named a former Goldman Sachs vice president the interim chief of the Office of Financial Stability, a post that will coordinate oversight of the massive Wall Street bailout. Michael Greenberger, JD, a professor at the School of Law and a former director at the Commodity Futures Trading Commission, said appointing investment banking insiders is old hat in Washington. "It is troubling to me the White House chief of staff is formerly from Goldman Sachs, and in fact going all the way back to the Clinton administration, of course, Secretary Rubin had been the head of Goldman Sachs, and one of his principal aides, Gary Gensler, who later rose in the Clinton administration to be deputy secretary of the Treasury, was also from Goldman Sachs," Greenberger said.
Monday, October 6, 2008Professor Michael GreenbergerBusiness Week
– After the collapse of Bear Stearns in March, investment bank giants Goldman Sachs and Morgan Stanley revamped their books in an effort to do business more like conventional commercial banks a move in anticipation of inevitable sweeping reform. In September, federal regulators converted Morgan and Goldman into bank holding companies, morphing their high-risk business to resemble the dealings of commercial banks. But as Wall Street’s mighty have fallen, commercial banks have also made costly financial mistakes; Citigroup, which is regulated by the Fed, has taken $55 billion in write-downs in the last year alone. Michael Greenberger, JD, a professor at the School of Law and a former director at the Commodity Futures Trading Commission, said, "The commercial banks haven't been the poster children for prudence in this fiasco."
Sunday, October 5, 2008Visiting Professor Mary DudziakIntLawGrrls
– It’s IntLawGrrls’ honor today to feature as our guest Mary Dudziak, JD, MA, MPhil, PhD, visiting professor at the School of Law. Dudziak, about whom we’ve posted frequently, is among America’s leading legal historians, the author most recently of Exporting American Dreams: Thurgood Marshall's African Journey
and is at work examining war’s impact on American law and politics.
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