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Full-Text Articles in Law
Repurchase Agreement Transactions In Securities Investor Protection Act Proceedings, Michael D. Bolton
Repurchase Agreement Transactions In Securities Investor Protection Act Proceedings, Michael D. Bolton
Fordham Urban Law Journal
Addresses the treatment of Repurchase Agreements (REPOS) in bankruptcy proceedings before and after the Bankruptcy Reform Act of 1984. Examines the treatment of REPOs as both sales and loans, and concludes that courts should treat REPO transactions as contracts for a sale and subsequent repurchase, in order to insure market stability, protect consumers, and maximize assets. The author further concludes that administering trustees should not be able to classify REPOs as loans, then refuse to protect the owners of securities underlying the REPOs as customers.
The New York Tax Windfall, Constantine N. Katsoris
The New York Tax Windfall, Constantine N. Katsoris
Fordham Urban Law Journal
With the enactment of the 1986 Internal Revenue Code and its elimination of many tax deductions, the scope of what is now considered taxable income has been greatly broadened. New York State, the State with the highest average per-person income tax levy in the country, because it generally follows the federal definitions of what is considered taxable income stands to reap an enormous tax windfall in the coming years due to the federal definitional change as to what is considered taxable income. This Article discusses the two major plans being considered as what to do with the expected windfall. It …