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Black, William K. - 2010

The savings and loan debacle of the 1980s was the worst financial scandal in U.S. history. The estimated present value cost to the taxpayers was $150-175 billion ($1993). The debacle was a major contributor to a sharp recession in real estate values in the Southwest. However, it had only a...

Persistent link: https://www.econbiz.de/10013148983

When Fragile Become Friable : Endemic Control Fraud as a Cause of Economic Stagnation and Collapse

Black, William K. - 2010

to crumble and produces economic stagnation.Economic theory about fraud is underdeveloped, economists are not taught … criminologists have falsified the economic theory is incorrect. Criminologists have found that neo-classical policies erode the …

Persistent link: https://www.econbiz.de/10013148986

Disclosing Discrimination

Bornstein, Stephanie - 2021

In the United States, enforcement of laws prohibiting workplace discrimination rests almost entirely on the shoulders of employee victims, who must first file charges with a government agency and then pursue litigation themselves. While the law forbids retaliation against employees who complain,...

Persistent link: https://www.econbiz.de/10013244421

Why Prudential Regulation Will Fail to Prevent Financial Crises : A Legal Approach

Prates, Marcelo - 2014

In this paper, I suggest that the regulation of the financial system, especially if the aim is to prevent financial … important than organizing the best possible prudential regulation is having a solid and well-developed financial safety net … failed financial institution.The key point I wish to make is that no financial regulation will ever be effective without duly …

Persistent link: https://www.econbiz.de/10013061343

The New 'Human Equity' Transactions

Oei, Shu-Yi - 2014

these new transactions, and suggest some possible ways in which the law can approach their regulation. In particular, we …

Persistent link: https://www.econbiz.de/10013062223

In Defense of Private-Label Mortgage-Backed Securities

Horton, Brent J. - 2014

The House Financial Services Committee recently concluded that lack of regulation of private-label mortgage … exempted private-label MBS from securities regulation, however, this Article concludes that lack of regulation of private …

Persistent link: https://www.econbiz.de/10013064076

The Law of Impersonal Transactions

Arruñada, Benito - 2018

Most economic interactions happen in a context of sequential exchange in which innocent third parties suffer information asymmetry with respect to previous ldquo;originativerdquo; contracts. The law reduces transaction costs by protecting these third parties but preserves some element of consent...

Persistent link: https://www.econbiz.de/10012746634

Relevance of Financial Markets Conduct Principles to the Interpretation of Directors Duties

Stace, Victoria - 2016

Two recent cases, one from New Zealand and the other from the UK, highlight issues relating to the intersection between company law and securities law. In one, the directors attempted to defend alleged breaches of the statutory duty to make full prospectus disclosure by asserting that they were...

Persistent link: https://www.econbiz.de/10012999281

Mapping the Shadow Payment System

Awrey, Dan - 2020

outside the perimeter of bank regulation, thereby depriving customers of the deposit guarantee schemes, lender of last resort …

Persistent link: https://www.econbiz.de/10012847513

Sustainability, FinTech and Financial Inclusion

Arner, Douglas W. - 2020

We argue that sustainable balanced development is preconditioned on financial inclusion, and that FinTech is the key driver for financial inclusion. In turn, the full potential of FinTech to support the Sustainable Development Goals will only be realized with a progressive approach to developing...

Persistent link: https://www.econbiz.de/10012849229