Tuesday, February 21, 2012
David Skeel on what's wrong with the mortgage settlement.
In one of Prof. Skeel's typically astute op-eds, he explains what's wrong with the settlement proposed by the state attorneys general (here).
Wednesday, February 15, 2012
Best quote in an op-ed referencing Nozick.
John Kay's piece in the Financial Times (here) includes this wonderful paragraph, which applies to corporate pay and the pay of estate professionals in bankruptcy cases:
And again, problems arise when people voluntarily hand over money that is not their own. John Kenneth Galbraith once described executive pay as a warm personal gesture by the beneficiary to himself. In today’s world of remuneration committees, it is more often a warm personal gesture by friends to each other.Perfect.
Tuesday, February 14, 2012
A must-get book if you're interested in Ponzi schemes.
Check out The Ponzi Book (here). This book is for professionals who find themselves in the middle of a Ponzi scheme and need to understand the overlap among state corporate law, other state law, bankruptcy law, criminal law, and jurisdiction (to name just a few). Here's the Table of Contents.
Were I to find myself in the middle of litigating a Ponzi scheme, this book would be the first one I'd open.
Were I to find myself in the middle of litigating a Ponzi scheme, this book would be the first one I'd open.
Tuesday, February 7, 2012
Groupthink revisited (revisited again).
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