European Debt Crisis
German Court’s Ruling Staves of Capital Markets Disaster, But at the Risk of Germany’s Independence
This past week Germany’s Federal Constitution Court, the German version of the U.S. Supreme Court, ruled that Germany’s membership in the European Stability Mechanism (ESM) was not an infringement of the constitutional budgeting authority. This decision has both removed a significant barrier to the Eurozone’s ability to adopt tools to deal with the financial crisis [...]
Reconciling Pan-European Credit With Member State Accountability
(Editor’s Note: This is a response to a comment posed in the post titled “How Will Europe Solve its Financial Crisis? Early Damage to U.S. Markets and Corporations“) Professor, it is my pleasure to respond to your inquiry. I do strongly believe there is a need for pan-European credit and there are different reasons in [...]
How Will Europe Solve its Financial Crisis? Early Damage to the U.S. Market and Corporations.
There is alarm among U.S. corporations: why hire and invest at this moment given the enormity of the European debt crisis? There is no denying that the European economy has a substantial impact on the U.S. economy, as almost 14 percent of revenue of the 500 largest companies comes from Europe, totaling roughly $1.3 trillion. [...]
New Hope for Greece Amidst Rising Uncertainty
Though stocks have taken a recent upswing, seeming to bring with it anticipation for a brighter, more stable future, the battle with the ever-oscillating financial status of the euro zone is far from being settled. With a new interim government in place, and new ideas and policies to be voted upon and implemented, hope runs [...]
Did Dodd-Frank Go Far Enough? U.S. Bank Exposure to E.U. Debt Crisis & Another Wall Street “Bailout”
Is Dodd-Frank destined to fail in preventing the next financial crisis? Is the Street headed for another financial meltdown? A quick look at the European debt crisis unfortunately answers the question, and investors are already reacting. Just last week in the U.S., stocks declined, the Dow Jones Industrial Average tumbled 134.86 points, or 1.1%, to [...]
MF Global As First Major Casualty of European Debt Crisis
After the Greek bailout plan stalled amid talk of a referendum vote, the global financial market reacted with horror. The disastrous turn of events seemed like it could force Greece into bankruptcy and catapult it out of the Eurozone. But, while plans for the referendum were scratched and a glimmer of hope remains that Greece [...]
LEAVE A COMMENT
TAGS CFTC, Corzine, European Debt Crisis, MF Global
POSTED IN Bankruptcy, Securities Regulation
POSTED IN Bankruptcy, Securities Regulation
Featured Video
-
Eugene P. and Delia S. Murphy Conference on Corporate Law
-
Representation Without Accountability?
- Business Law Practitioners Series – Fall 2011
-
The Philosophy and Practice of Disclosure
- BLPS – Rory Cutaia ’85
- The Looming Problems of The Bureau of Consumer Financial Protection
-
Financial Reform Legislation: There Ought To Be A Law, But Is This It?
Highlights From Volume 18 Book I
THE BEHAVIORAL PARADOX: WHY INVESTOR IRRATIONALITY CALLS FOR LIGHTER AND SIMPLER FINANCIAL REGULATION
It is widely believed that behavioral economics justifies more intrusive regulation of financial markets, because people are not fully rational and need to be protected from their quirks. This Article challenges that belief. Firstly, insofar as people can be helped to make better choices, that goal can usually be achieved through light-touch regulations. Secondly, faulty [...]
DEMANDING SUBSTANCE OR FORM? THE SEC’S PLAIN ENGLISH HANDBOOK AS A BASIS FOR SECURITIES VIOLATIONS
In 1998, the United States Securities and Exchange Commission (“SEC” or “Commission”) released a style manual titled “The Plain English Handbook.” The culmination of a drive by its Chairman, Arthur Levitt, the Handbook drew upon the rules of grammar, best industry practice, and even the support of billionaire Warren Buffett in calling for a layman’s [...]
FULL OF HOT AIR? EVALUATING THE AIRGAS COURT’S RESERVATIONS ABOUT SHAREHOLDERS’ SHORT-TERM AND LONGTERM INTERESTS IN TAKEOVERS
This Note explores the incentives and preferences of shareholders in takeovers. This analysis is conducted in the context of the Delaware Chancery Court’s February 2011 decision in Air Products & Chemicals v. Airgas. In that case, the court’s decision largely turned on whether certain short-term and long-term shareholders have different preferences and incentives in takeovers. [...]
News & Events
- Can Woman Have It All? A Live Webcast with Anne-Marie Slaughter (4/24/2013)
- 13th Annual A.A. Sommer, Jr. Lecture on Corporate, Securities & Financial Law (4/18/2013)
- 13th Annual A.A. Sommer, Jr. Lecture on Corporate, Securities & Financial Law (4/18/2013)
- International In-House Counsel Breakfast Forum Series for Students (4/18/2013)
- Business Law Practitioners Series for students (4/16/2013)
- Fordham Corporate Center