Faculty in the News - Archive
Wednesday, August 27, 2008Professor Michael GreenbergerWUSA-TV, Ch. 9
– Data released this week show monthly sales of new homes have dropped to a 13-year low, further indicating that the housing market has yet to hit rock bottom. Experts say the federal government could be forced to bail out struggling financial giants Fannie Mae and Freddie Mac, companies that collectively guarantee $5 trillion in mortgages. Michael Greenberger, JD, professor at the School of Law and a former director at the Commodity Futures Trading Commission, said "the entire [American] financial infrastructure is built on housing prices going up, and we’re seeing sort of the 100-year storm in the housing markets, and it’s not good for the economy."
Friday, August 22, 2008Professor Michael GreenbergerFutures and Options Week
– The Financial Services Authority (FSA), the British authority that oversees commodity trading on English-based exchanges, has failed to curb excessive speculation in oil markets, said Michael Greenberger, JD, professor at the School of Law and a former director at the Commodity Futures Trading Commission (CFTC). "The FSA has a minimal enforcement policy – and that has created an atmosphere where excessive speculation dominates the market," Greenberger said. "The FSA’s reliance on its ability to talk through problems with traders in this modern age of global trading is not an effective regulatory technique %85 [The FSA] needs to be more aggressive."
Friday, August 22, 2008Adjunct Professor Andrew LevyWJZ-TV Ch 13, WJZ-TV.com
– The city's top prosecutor is blasting a recommendation to develop a regional jury pool for cases in the city. It comes from a study that finds a lower conviction record in the city compared to surrounding cities. Attorneys admit getting a conviction in Baltimore is sometimes difficult, but they say it has much more to do with the specific experiences of individual jurors. "I think there's no question that cumulative life experiences of a typical Baltimore City juror is probably going to be different than the life experiences of a Howard County juror," said Andy Levy, JD, an adjunct professor at the School of Law.
Friday, August 22, 2008Professor Douglas ColbertACSBlog.org
– "Are we in the legal academy doing enough to instill within our students a true understanding of their core ethical and professional obligation ‘as a public citizen having special responsibility to the quality of justice,’ described in the first sentence of the Preamble to the Model Rules of Professional Conduct?" asks Douglas Colbert, JD, a professor at the School of Law and a board member of the Society of American Law Teachers. "Specifically, I question the extent to which we as legal educators are teaching and instilling students to fulfill their pro bono duty ‘to provide legal services to those unable to pay.’"
Thursday, August 21, 2008Professor Michael GreenbergerThe Washington Post, HeraldNet.com
– Regulators say that just a few speculators control a significant amount of trading activity in the oil market, which experts and lawmakers believe is partly to blame for the spike in oil prices. The findings, however, could understate the scope of influence held by speculators; legislation passed in 2000 created trading loopholes, paving the way for investors to trade energy commodities on private electronic platforms and dodge regulation. Since that time, large financial institutions have set up off-the-radar exchanges that amount to a veritable casino of futures trading. Michael Greenberger, JD, professor at the School of Law and a former director at the Commodity Futures Trading Commission, said "investment banks had been frustrated with the established exchange because they really were never able to get control of it."
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