From the SEC
Historical Society: Audio
Webcast on New World of Financial Regulation, moderated by Theresa
Gabaldon, The George Washington University Law School, and with presenters
Jesse Eisinger, ProPublica; Roberta S. Karmel, Brooklyn Law School; and Joseph
E. Stiglitz, Columbia University Graduate Business School.
(HT: Felix
Salmon)
Richard Posner, How I
Became a Keynesian: Second Thoughts in the Middle of a Crisis at The New Republic. (HT: Greg Mankiw)
From the FT,
IMF defends securitization markets,
arguing that restarting securitization markets is “critical” to a wider
economic recovery, and that new regulatory proposals – including the US and
European proposals to force banks that originated loans to hold on to the first
5 per cent of losses in all securitizations — might kill the market.
Dahlia Lithwick on Americans' continued love affair with the
John Roberts Court.
TPM,
via Andrew
Sullivan, a “birthermercial” running on a CBS affiliate in Texas and
elsewhere.
Via Michelle
Leder at Footnoted.org, the employment
contract for Freddie Mac’s newly
named CFO, Ross J. Kari. Leder
provides a few key bullets:
-annual compensation
of $3.5 million (this includes $675K in salary, $1.6 million in something
called “additional annual salary” and $1.1 million in a target incentive
-a $1.95 million
signing bonus
-immediate buyout of
Kari’s house (or perhaps houses)
-reimbursement for
travel between Washington D.C. and Kari’s residences in Ohio, Washington and
Oregon [The compensation
memorandum states that, “Each member of your immediate family may make a
single trip every three weeks during the temporary living period to/from the
Washington D.C. area and your current residences for which you will be
reimbursed.” KDK]
(HT: Calculated
Risk)
Tyler
Cowen: Does the average quality of a spam comment exceed the average
quality of a non-spam comment?
(Not here at The Lounge, of course!)
Michael Heise at
Empirical Legal Studies: "Empirical
Holy War" — Eisenberg v. US Chamber of Commerce
Patrick O’Donnell at Ratio Juris on Political & Legal
Obligation: An Introduction, Parts 1,
2,
and
3.