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Recent Posts from Banking Law Prof Blog

• Another Rate Cut & More Liquidity Issues

  The Federal Open Market Committee (FOMC) reduced the target federal funds rate another 25 basis points to 2% on Wednesday. Dallas Federal Reserve Bank President Richard Fisher and Philadelphia Federal Reserve Bank Charles Prosser opposed…

• Thank You for Expressions of Condolence

  Thank you for your understanding and concern during the last illness and passing of my mother on Friday, April 25. --Ann

• Suspicious Activity Report News

  FDIC Financial Institution Letter FIL-32-2008 (April 10, 2008) notifies banks that they can access the Financial Crimes Enforcement Network (FinCEN) publication "The SAR Activity Report by the Numbers." Highlights of the report include the following:…

• LIBOR - Is It Reliable & What Does It Say About the Current Financial Crisis?

  A disturbing article in the WSJ last week suggested that the London inter-bank offered rate (Libor) may be less than fully reliable because some troubled banks may not be reporting the high interest rates they…

• Hedge Funds Driving Up the Price of Gasoline & Other Commodities

  My Corporate Governance class at the Texas Tech University School of Law was discussing Institutional Investors, including hedge funds, as a potential monitor for the boards of directors of publicly traded companies. In the course…

• Texas Steps Out with a NEW ID THEFT MEASURE

  The 2007 Texas Legislature passed a bill establishing a new Closed Account Notification System ("CANS") -- the first example of this type of anti-ID theft measure in the U.S. The Texas Department of Banking administers…

• Fish Don't Know They Are Wet

  Federal Reserve Governor Kevin Warsh delivered a speech entitled "Financial Market Turmoil and the Federal Reserve: The Plot Thickens" to the New York University School of Law Global Economic Policy Forum today. Warsh identifies excessive…

• IRS Stats

  Today's WSJ carries an article worth noting on Page B3: "IRS Corporate Tax Audits Fall," by Jesse Drucker. Surprisingly, the rate at which the IRS audits large corporations hit a 20-year low in 2007. The…

• Economic News - Bad to Worse

  Thanks to Sally Thompson for this intriguing look at the question, "Are Bernanke's Hands Tied? -- Eight Reasons Why the U.S. May Be in Worse Trouble Than You Think." Link: http://www.currencytrading.net/2008/are-bernankes-hands-tied-8-reasons-the-us-may-be-in-worse-trouble-than-you-think/ (ag) April 14, 2008,…

• Excessive Executive Compensation

  All the scoop on current issues in Executive Compensation: http://www.nytimes.com/2008/04/06/business/06comp.html?_r=1&scp=2&sq=executive+compensation&st=nyt&oref=slogin (ag) April 9, 2008, in Economy

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