Banking Law Prof Blogtag:typepad.com,2003:weblog-5214172009-12-07T12:48:05ZA Member of the Law Professor Blogs NetworkTypePadBankingLawProfBloghttp://feedburner.google.comWill the Bailouts Cost Less Than We Thought?tag:typepad.com,2003:post-6a00d8341bfae553ef0120a720bbce970b2009-12-07T07:48:05-05:002009-12-07T12:48:05ZA recent Treasury Report concludes that the final loss figure for the $370 Billion it has lent to failing companies could be only $42 Billion (compared with Treasury's summer estimate of $341 Billion in potential losses from TARP. The summer...Banking LawProfTeaching Corporate Finance in the Country of Georgiatag:typepad.com,2003:post-6a00d8341bfae553ef012876223f8d970c2009-12-07T02:17:59-05:002009-12-07T07:17:59ZI am teaching a three-week course in Corporate Finance at International Black Sea University in Tblisi, Georgia. It's a great experience, but I have had a few technical difficulties. I'll continue to try to post from here. I will be...Banking LawProfBankruptcy and Free Speech for Attorneystag:typepad.com,2003:post-6a00d8341bfae553ef0120a6fdbac4970b2009-12-02T10:20:35-05:002009-12-02T15:20:35ZDoes the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 contain an unconstitutional provision that would prohibit an attorney from telling a client that he or she can legally incur additional debt (for example to pay for emergency medical...Banking LawProfBanks Should Address Compliance With Newly Effective Federal Regulationstag:typepad.com,2003:post-6a00d8341bfae553ef0120a6d247be970b2009-11-24T18:42:33-05:002009-11-24T23:42:33ZThanks to Shannon Phillips at Independent Bankers Association of Texas (IBAT) for a great listing of a host of new and revised federal regulations affecting banks, including: RESPA: New FAQs for substantive changes effective Jan. 1, 2010 Overdraft Services: Final...Banking LawProfBanking Law Prof Quoted in NY Times.comtag:typepad.com,2003:post-6a00d8341bfae553ef0120a6c94108970b2009-11-23T12:36:29-05:002009-11-23T17:36:29ZBanking Law Professor Ann Graham, editor of the Banking Law Prof Blog, has previously analyzed federal preemption in the financial institutions arena and the opinion delivered by the U.S. Supreme Court in Cuomo v. Clearing House Association. See Archived Posts:...Banking LawProfInteresting Timing for BofA to Fire Its GC Last Decembertag:typepad.com,2003:post-6a00d8341bfae553ef0120a6bacfbf970b2009-11-20T08:32:13-05:002009-11-20T13:32:38ZCoincidence? You be the judge. Bank of America's General Counsel Tmothy Mayopoulos was summarily dismissed "just one day after he learned of bigger than expected at Merrill [Lynch, which was acquired by BofA, which allegedly failed to disclose to BofA...Banking LawProfFireworks Between Geithner and Representative Bradytag:typepad.com,2003:post-6a00d8341bfae553ef0120a6b76b0e970b2009-11-19T14:39:15-05:002009-11-19T19:39:41ZIn today's Joint House and Senate Economic Committee hearing, Republican Representative from Texas Kevin Brady asked Treasury Secretary Timothy Geithner to resign. Geithner responded in the negative, pointing out that President Obama inherited an economy "falling off the cliff." Link:...Banking LawProfGeithner Tells Banks They Should Lend More To Small Businessestag:typepad.com,2003:post-6a00d8341bfae553ef0120a6b402b8970b2009-11-18T21:38:40-05:002009-11-19T02:38:40ZBloomberg's Rebecca Christie has an article today discussing Treasury Secretary Timothy Geithner's perspective that bank's are "obligated" to extend more loans to small businesses. The point is that if the economy is to recover, small businesses must have access to...Banking LawProfDetermining Who Gets A Bailouttag:typepad.com,2003:post-6a00d8341bfae553ef0120a6ab1015970b2009-11-17T12:42:05-05:002009-11-17T17:42:05ZThanks to my Banking Law students for this insight into which financial entities receive government assistance and which do not: Link: http://www.ebaumsworld.com/video/watch/80617042/ (ag) Nov. 17, 2009, in EconomyBanking LawProfGovernment Overpaid for AIG Bailout tag:typepad.com,2003:post-6a00d8341bfae553ef0120a6a8949a970b2009-11-16T19:56:20-05:002009-11-17T00:56:51ZSpecial Inspector General for the Troubled Asset Program (SIGTARP) Neil Barovsky has issued a report concluding that negotiations conducted by then-New York Federal Reserve Bank President Timothy Geithner were "bungled." The amount of bailout funds to AIG increased from $85...Banking LawProfCFPA in the Dodd Version of Financial Reformtag:typepad.com,2003:post-6a00d8341bfae553ef0120a69512f9970b2009-11-13T11:09:13-05:002009-11-13T16:09:13ZA New York Times analysis of the regulatory reform measure introduced by Senator Chris Dodd concludes that it gives new energy to the likelihood of an independent Consumer Financial Protection Agency. Of course, a committee markup, controversial Senate vote, and...Banking LawProfVeteran's Day Salutetag:typepad.com,2003:post-6a00d8341bfae553ef0120a67b291a970b2009-11-11T16:01:28-05:002009-11-11T21:02:03ZLink to Gettysburg Address: http://www.youtube.com/watch?v=V4bM9geY0doBanking LawProfReport on SCAP Institutions Needing More Capitaltag:typepad.com,2003:post-6a00d8341bfae553ef0120a67a903f970b2009-11-11T15:45:59-05:002009-11-11T20:45:59ZLast Spring, 19 financial holding companies were required to undergo "stress testing" in the Supervisory Capital Assessment Program (SCAP). Ten were determine to need more capital. The Federal Reserve now says that nine of those have met increased capital targets....Banking LawProfInternational Banking Conference in Indiatag:typepad.com,2003:post-6a00d8341bfae553ef0120a652c116970b2009-11-04T10:09:31-05:002009-11-04T15:09:31ZProfessor Ann Graham will be one of the featured speakers at an international banking law conference on "The Bankrecht -- Emerging Trends in Banking Law." Her presentation addresses the problem of "Too Big to Fail." The conference is sponsored by...Banking LawProfCommenting on Cuomotag:typepad.com,2003:post-6a00d8341bfae553ef0120a6527843970b2009-11-04T08:33:09-05:002009-11-04T13:33:09ZA post from Charles Carreon, Attorney, in Tucson, AZ: "No federal agency should be allowed to market a charter as a get-away-with-it-free card providing immunity from state consumer protection laws." Well-said! The unity of banking and the federal government is...Banking LawProfSupport for the CFPAtag:typepad.com,2003:post-6a00d8341bfae553ef0120a6a5ddad970c2009-11-03T16:32:49-05:002009-11-03T21:32:49ZMore than 80 law professors support the proposed new Consumer Financial Protection Agency. Financial industry trade associations oppose it. Will Congress have the backbone to pass this consumer legislation? Link to Editorial: http://www.huffingtonpost.com/norman-i-silber/news-flash-lenders-prefer_b_342341.html (ag) Nov. 3, 2009, in Consumer ProtectionBanking LawProfCFPA Bill Moves Forwardtag:typepad.com,2003:post-6a00d8341bfae553ef0120a64cc358970b2009-11-02T20:48:48-05:002009-11-03T01:48:48ZHere's what CSBS says about the progress of a bill to create a new Consumer Financial Protection Agency: "The House Energy and Commerce Committee on Thursday passed legislation (H.R. 3126) to create the new Consumer Financial Protection Agency, which was...Banking LawProfBlack Tuesday - Oct. 29, 2009tag:typepad.com,2003:post-6a00d8341bfae553ef0120a643f463970b2009-10-31T09:14:15-04:002009-10-31T13:16:51ZFor an informative comparison to today's crisis, see this clip of PBS documentary discussing the 1929 Stock Market Crash on Black Tuesday, Oct. 29, 2009 . . . "The Wall Street economy disconnected from the real economy": Link: http://www.youtube.com/watch?v=RJpLMvgUXe8 (ag)...Banking LawProfAn Opinion About Giving the Fed Too Much Powertag:typepad.com,2003:post-6a00d8341bfae553ef0120a68abd5a970c2009-10-29T12:52:50-04:002009-10-29T16:52:50ZIn today's Forbes.com commentary, there's an interesting letter from Jagadeesh Gokhale, currently a Senior Fellow at the Cato Institute and formerly a Senior Economic Advisor at the Federal Reserve Bank of Cleveland. Here's part of his message: "In light of...Banking LawProfWill the Bailouts Never End?tag:typepad.com,2003:post-6a00d8341bfae553ef0120a688b6d8970c2009-10-28T22:51:26-04:002009-10-29T02:51:26ZBloomberg news reports that GMAC may get a third bailout. They've already received two government bailouts totaling $13.5 billion, and are currently negotiating with the Treasury Department for a possible third capital injection of $2.8 billion to $5.6 billion. Link...Banking LawProf