Financial Services & E-Commerce
- Bankruptcy Practice
- Legislative Developments
- Monetary Policy/International Issues
- Regulatory Initiatives
|The Financial Stability Oversight Council|
|Freddie and Fannie Shareholder Lawsuit - Podcast|
Preferred and common shareholders of Freddie Mac and Fannie Mae have not recently received earnings distributions or dividends, and the prospects for the short-term future would seem to depend on a pending shareholder lawsuit. After bailing out the two entities with a $180 billion loan, the Federal government is, under a total net worth sweep, claiming all profits as its own. Chuck Cooper led a litigation update on this important case.
|Debating the Volcker Rule - Podcast|
Last week, U.S. banking regulators issued the 900-page Volcker Rule. The rule, long under consideration, is designed to limit proprietary trading - investment banks’ speculative trading for their own gains and their participation in hedge funds. Our experts debated the scope of the Volcker Rule, and its anticipated benefits and drawbacks.
|Pension Reform: The Road Forward - Podcast|
On December 3, 2013, a federal judge held that the city of Detroit is eligible to shed billions in debt in the largest public bankruptcy ever in the United States. The judge also ruled that public pensions could be reduced during reorganization, a provision in Michigan's Constitution notwithstanding. As an increasing number of local and municipal governments find themselves in dire financial straits, leaders are looking to new methods of increasing revenues and cutting costs, including pension reform. Professor David Skeel discussed the challenges faced by cities considering a restructuring of their pension plans, as well as the strength of various arguments regarding the legality of those efforts.
|The Electorate and the Courts - Event Audio/Video|
Closing Panel: The Electorate and the Courts