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The Big Banks: Background, Deregulation, Financial Innovation And Too Big To Fail, Charles W. Murdock
The Big Banks: Background, Deregulation, Financial Innovation And Too Big To Fail, Charles W. Murdock
Charles W. Murdock
Summary: The Big Banks: Background, Deregulation, Financial Innovation and Too Big to Fail
The U.S. economy is still reeling from the financial crisis that exploded in the fall of 2008. This article asserts that the big banks were major culprits in causing the crisis, by funding the non-bank lenders that created the toxic mortgages which the big banks securitized and sold to unwary investors. Paradoxically, banks which were then too big to fail are even larger today.
The article briefly reviews the history of banking from the Founding Fathers to the deregulatory mindset that has been present since 1980. It …
The Evolution Of The Supreme Court’S Rule 10b-5 Jurisprudence: Protecting Fraud At The Expense Of Investors, Charles W. Murdock
The Evolution Of The Supreme Court’S Rule 10b-5 Jurisprudence: Protecting Fraud At The Expense Of Investors, Charles W. Murdock
Charles W. Murdock
Summary: The Evolution of the Supreme Court’s Rule 10b-5 Jurisprudence:
Protecting Fraud at the Expense of Investors
This article traces the evolution of Supreme Court jurisprudence over the past forty years through the prism of Rule 10b-5. It uses four “trilogies” to develop this evolution. At the start of the 1970s, the liberal trend characterized by the Warren Court still prevailed. An implied private cause of action was still in favor and litigators were viewed as private attorneys general, enforcing the securities laws to further the policy of protecting investors.
The expansion of Rule 10b-5 was slowed and more judicial …