This Article argues that the principal economic benefit of a financial clearinghouse is faster payouts to creditors when a trading firm fails. By expanding setoff opportunities, a clearinghouse provides immediate payouts to creditors who otherwise wou…

This study evaluates a two-day train the trainer program designed to provide instructors from diverse backgrounds with the tools needed to teach financial literacy to individual debtors. Trained teachers reported satisfaction with their training and fe…

This Article argues that the principal economic benefit of a financial clearinghouse is faster payouts to creditors when a trading firm fails. By expanding setoff opportunities, a clearinghouse provides immediate payouts to creditors who otherwise wou…

This Article argues that the principal economic benefit of a financial clearinghouse is faster payouts to creditors when a trading firm fails. By expanding setoff opportunities, a clearinghouse provides immediate payouts to creditors who otherwise wou…

This Article argues that the principal advantage of central clearing of financial contracts is that the clearinghouse speeds up payouts to creditors when a trading firm fails. By expanding setoff opportunities, a clearinghouse provides immediate payou…

The objective of this symposium piece is to explore why shareholder derivative suits are rare in Continental Europe, while they are the central mechanisms of corporate governance enforcement in the United States. I focus on Germany, France and Italy, a…

This Article argues that the principal advantage of a clearinghouse during a financial crisis is that the clearinghouse speeds up payouts to creditors when a trading firm fails. By expanding setoff opportunities, a clearinghouse provides immediate pay…

This Article argues that the primary benefit of a clearinghouse in a financial crisis is to accelerate payouts to creditors when a trading firm fails. Through netting, clearinghouses provide immediate payouts to creditors who otherwise would have to wa…

The Article argues that the primary benefit of a clearinghouse in a financial crisis is to accelerate payouts to creditors when a trading firm fails. Through netting, clearinghouses provide immediate payouts to creditors who otherwise would have to wa…

Taxation is the Supreme Court’s new darling. In its last two terms, the Court has endowed the tax law with legal superpowers, giving it the astonishing ability to elude constitutional limits. The justices have sent Congress and state legislatures a…