Why Big Banks Will Pay The Piper in 2013

patching panks

Bruce Reilly: 2013 is poised to become the most important year of the subprime aftermath. The five-year statute of repose, the window within which cases are arguably eligible under the Securities Act, will close.

Sunshine Still Blocked at Penn State

penn state damage

Walter Brasch: Apparently, the Board believes that “discussions” without a vote aren’t covered by the Sunshine Act, so it was free to hold yet another unpublicized secret meeting. The Board, as has been so often the case, was wrong.