Law Commons^™

Dignity Takings, Dignity Restoration: A Tort Law Perspective, Valerie P. Hans

Cornell Law Faculty Publications

Money damages can operate to restore the dignity of a person who has been injured in tort or deprived of property. A financial award or settlement conveys an acknowledgment of the wrong and signals the reestablishment of equity between defendant and plaintiff. Whether the award is seen as adequate to fully restore dignity is influenced by context, especially comparison cases. And financial compensation directly provided by the defendant holds greater promise for dignity restoration.

Donald Trump And Other Agents Of Constitutional Change, Michael C. Dorf

Cornell Law Faculty Publications

Backlash is just one of the mechanisms by which constitutions change over time, but it is arguably the most important, because constitution writers and amenders react to past evils; they institutionalize backlash. The German Constitution- especially its protection for human dignity-institutionalizes backlash against Nazism. The Fourth Amendment reflects Revolutionary-era backlash against general warrants and writs of assistance. The Reconstruction Amendments embody backlash against slavery and caste.

Even without formal text, backlash can become embedded in our constitutional understanding. For example, eventual backlash against internment of persons of Japanese ancestry inscribes at least a minimally antiracist principle in our constitutional order. …

Brother, Can You Spare A Dollar? Designing An Effective Framework For Foreign Currency Liquidity Assistance, Dan Awrey

Cornell Law Faculty Publications

The core principles of financial crisis management call upon central banks to lend freely, against good quality collateral, and at a penalty rate of interest, to solvent but illiquid banks and other financial institutions during periods of widespread panic and instability. While often taken for granted, these principles were designed for a world in which central banks have the capacity to create money denominated in the same currency as the one in which domestic banks and other financial institutions issue deposits and other short-term liabilities.

Unfortunately, this is not the world in which we live. The application of these principles …

Are Bank Fiduciaries Special?, Robert C. Hockett

Cornell Law Faculty Publications

A growing body of post-crisis legal and economic literature suggests that future financial crises might be averted by tinkering with the internal governance structures of banks and other financial institutions. In particular, contributors to this literature propose tightening the fiduciary duties under which officers and directors of the relevant financial institutions labor. I argue in this symposium article that such proposals are doomed to failure under all circumstances save one - namely, that under which the relevant financial institutions are in whole or in part treated as publicly owned.

The argument proceeds in two parts. I first show that the …

Where Ralls Went Wrong: Cfius, The Courts, And The Balance Of Liberty And Security, Christopher M. Fitzpatrick

Cornell Law Review

No abstract provided.

Asylum At Last: Matter Of A-R-C-G-'S Impact On Domestic Violence Victims Seeking Asylum, Johanna K. Bachmair

Cornell Law Review

No abstract provided.

The Speech Integral To Criminal Conduct Exception, Eugene Volokh

Cornell Law Review

No abstract provided.

Reporting Agency Performance: Behind The Sec's Enforcement Statistics, Urska Velikonja

Cornell Law Review

No abstract provided.

When Can A State Sue The United States, Tara L. Grove

Cornell Law Review

No abstract provided.

It's Time To Take Housing Finance Reform Through The 21st Century, David J. Reiss

Cornell Law Faculty Working Papers

Fannie Mae and Freddie Mac, the two mortgage giants under the control of the federal government, have more than 45 percent of the share of the $10 trillion of mortgage debt outstanding. Ginnie Mae, a government agency that securitizes Federal Housing Administration (FHA) and Veterans Affairs (VA) mortgages, has another 16 percent.

These three entities together have a 98 percent share of the market for new residential mortgage-backed securities. This government domination of the mortgage market is not tenable and is, in fact, dangerous to the long-term health of the housing market, not to mention the federal budget.

No one …

Expanding The Credit Box, David J. Reiss

Cornell Law Faculty Working Papers

The mortgage market of the early 2000s provided mortgage credit to too many people who could not make their monthly payments on the terms offered. The pendulum has now swung. Today’s market offers very few unsustainable mortgages, but it fails to provide credit to some who could afford them. That means that the credit box is not at its socially optimal size. The Consumer Financial Protection Bureau should make it a priority to review the regulatory regime for non-Qualified Mortgages in order to ensure that the functional credit box is expanded to more closely approximate the universe of borrowers who …

Consenting To Computer Use, James Grimmelmann

Cornell Law Faculty Publications

The federal Computer Fraud and Abuse Act (CFAA) makes it a crime to “access a computer without authorization or exceed authorized access.” Courts and commentators have struggled to explain what types of conduct by a computer user are “without authorization.” But this approach is backwards; authorization is not so much a question of what a computer user does, as it is a question of what a computer owner allows.

In other words, authorization under the CFAA is an issue of consent, not conduct; to understand authorization, we need to understand consent. Building on Peter Westen’s taxonomy of consent, I argue …

Embedded Contracts And A Continuum Of Sovereign Debt, Odette Lienau

Cornell Law Faculty Publications

What is the relationship of a government to its population as it pertains to sovereign debt? And how does this fit into the larger web of relationships and obligations that make up the international financial arena? These questions are incredibly difficult to think through – beyond the capacity of one author alone. I am therefore grateful to have the company of Yuri Biondi, Barry Herman, Tomoko Ishikawa, and Kunibert Raffer in beginning to consider them. In addressing their thoughtful and thought-provoking comments, I see this response less as an opportunity to answer every potential challenge or differential emphasis. Indeed, the …

Judging Foreign States, Zachary D. Clopton

Cornell Law Faculty Publications

Famed foreign relations law principles, including the act of state doctrine, the public law taboo, and Zschernig’s foreign affairs preemption, rely on the notion that U.S. courts should not sit in judgment on foreign states. Judges in these cases, as well as scholars writing in the area, frequently suggest that U.S. courts should sit out of important disputes due to considerations of sovereign equality and international comity. Yet, in less attention-grabbing cases, U.S. courts routinely sit in judgment on foreign judgments, laws, legal systems, and interests, sometimes concluding that they do meet U.S. standards. The first goal of this project, …

Concerns Over The Expansion Of Artificial Intelligence In The Legal Field, Ben Einhouse

Cornell Law School J.D. Student Research Papers

Advances in technology have surely made the practice of law more efficient, but looming advances in artificial intelligence should raise some concern about the price of this efficiency. Artificial intelligence programs already exhibit the capacity to replace the daily activities of some lawyers, which should raise some concern in the legal community, especially regarding legal ethics. Despite these concerns, the access to knowledge that artificial intelligence programs provide are a huge asset to the legal community, so we must regulate such programs properly. To frame this discussion, the type of artificial intelligence programs that are raising concern need to be …

Advanced Surveillance Technologies: Privacy And Evidentiary Issues, Tina Zheng

Cornell Law School J.D. Student Research Papers

Surveillance technology, which encompasses a large array of technologies used to observe individuals’ activities and communications, has advanced at a rapid pace and is becoming more widely available in the general marketplace. This trend is potentially caused by increasing fears of terrorism following the September 11 attacks as well the ability of surveillance technology manufacturers to produce the technology at lower costs. Although surveillance technology has long been used by the military and government intelligence agencies, the use of this technology by law enforcement and now private individuals in areas not of national security concern is new and raises privacy …

Electronic Service Of Process: A Practical And Affordable Option, Annie Chen

Cornell Law School J.D. Student Research Papers

It is not enough that courts have the ability to exercise control over persons and property. The Supreme Court has held that at a minimum, the due process requirement of the Fourteenth Amendment includes notice of the proceedings] Thus before a State can legitimately exercise such power its jurisdiction must be perfected by effectuated service of process. Service of process is the formal presentation of instruments that initiate legal action against a person or property. It is the method by which a defendant is formally notified that an action against her is pending and marks the beginning of a …

Fhfa Proposed Collection For National Survey Of Mortgage Originations, David J. Reiss

Cornell Law Faculty Working Papers

The Federal Housing Finance Agency has issued a request for comments on the National Survey of Mortgage Originations (NSMO). I write to support this proposed collection, but also to raise some concerns about its efficacy.

The NSMO is very important to the health of the mortgage market. We need only look at the Subprime Boom of the late 1990s and early 2000s to see why this is true: subprime mortgages went from “making up a tiny portion of new mortgage originations in the early 1990s” to “40 percent of newly originated securitized mortgages in 2006.” During the Boom, subprime lenders …

Striking The Right Chord: A Theoretical Approach To Balancing Artists' Intellectual Property Rights On Remix Audio-Sharing Platforms, Nicole Greenstein

Cornell Law Review

No abstract provided.

Don't End Or Audit The Fed: Central Bank Independence In An Age Of Austerity, Neil H. Buchanan, Michael C. Dorf

Cornell Law Review

No abstract provided.

Unique Identities And Vulnerabilities: The Case For Transgender Identity As A Basis For Asylum, Adena L. Wayne

Cornell Law Review

No abstract provided.

The New School Segregation, Erika K. Wilson

Cornell Law Review

No abstract provided.

Unquantified Benefits And The Problem Of Regulation Under Certainty, Jonathan S. Masur, Eric A. Posner

Cornell Law Review

No abstract provided.

When Empathy Bites Back: Cautionary Tales From Neuroscience For Capital Sentencing, Sheri Lynn Johnson, Amelia Courtney Hritz, Caisa Elizabeth Royer, John H. Blume

Cornell Law Faculty Publications

The neuroscience of empathy provides one more reason to believe that the decision to sentence another human being to death is inevitably an arbitrary one, and one that cannot be divorced from either race or caprice. While we can tinker with aspects of capital trials that exacerbate caprice and discrimination stemming from empathy, we cannot alter basic neural responses to the pain of others and therefore cannot rationalize (in either sense of the word) empathic responses.

The Mechanisms Of Derivatives Market Efficiency, Dan Awrey

Cornell Law Faculty Publications

These are not your parents' financial markets. A generation ago, the image of Wall Street was one of floor traders and stockbrokers, of opening bells and ticker symbols, of titans of industry and barbarians at the gate. These images reflected the prevailing view in which stock markets stood at the center of the financial universe. The high point of this equity-centric view coincided with the development of a significant body of empirical literature examining the efficient market hypothesis (EMH): the prediction that prices within an efficient stock market will fully incorporate all available information. Over time, this equity-centric view became …

The Common Law Of War, Jens D. Ohlin

Cornell Law Faculty Publications

In recent litigation before U.S. federal courts, the government has argued that military commissions have jurisdiction to prosecute offenses against the "common law of war," which the government defines as a body of domestic offenses, such as inchoate conspiracy, that violate the American law of war. This Article challenges that definition by arguing that stray references to the term "common law of war"in historical materials meant something completely different. By examining the Lieber Code, the writings of early natural law theorists, and early American judicial decisions, this Article concludes that the "common law of war" referred to a branch of …

Recovering Socialism For Feminist Legal Theory In The 21 St Century, Cynthia Grant Bowman

Cornell Law Faculty Publications

This Article argues that a significant strand of feminist theory in the 1970s and 1980s — socialist feminism — has largely been ignored by feminist jurisprudence in the United States and explores potential contributions to legal theory of recapturing the insights of socialist feminism. It describes both the context out of which that theory grew, in the civil rights, anti-war, and anti-imperialist struggles of the 1960s, and the contents of the theory as developed in the writings of certain authors such as Heidi Hartmann, Zillah Eisenstein, and Iris Young, as well as their predecessors in the U.K., and in the …

Gridlock?, Josh Chafetz

Cornell Law Faculty Publications

No abstract provided.

Don't End Or Audit The Fed: Central Bank Independence In An Age Of Austerity, Neil H. Buchanan, Michael C. Dorf

Cornell Law Faculty Publications

The Federal Reserve (the Fed) is the central bank of the United States. Because of its power and importance in guiding the economy, the Fed's independence from direct political influence has made it a target of ideologically motivated attacks throughout its history, with an especially aggressive round of attacks coming in the wake of the 2008 financial crisis and ongoing today. We defend Fed independence. We point to the Fed's exemplary performance during and after the 2008 crisis, and we offer the example of a potential future crisis in which Congress falls to increase the debt ceiling to show how …

The New School Segregation, Erika K. Wilson

Cornell International Law Journal

No abstract provided.