Academic

mp3s and pdfs

By Gordon Smith, Christine, Hurt, Vic Fleischer, Fred Tung, Lisa Fairfax, David Zaring

There's a wide variety of ways to compress kilobytes out there on the web:

• The Fed has to deal with two problems at the same time: 1. the banks are undercapitalized and capital requirements must be strengthened.  2. the banks are undercapitalized, and strengthening the requirements will only make them look more insolvent.  Stress tests have to manage the tricky requirements of serious assessment and public relations for this reason.  So it isn't surprising that the Fed's latest move to strengthen capital requirements has been delayed.  Why make tier 1 capital look worse at C and BofA than it is already?  Here's the pdf.
• Chicago has a good faculty podcast, I listen to most of them, and here's Nussbaum and Case ripping into Posner's jurisprudence on women, as he rips back.  Good, Chicago-ey style fisticuffs. 
• The Fed also hit up SocGen for money laundering monitoring failures, and it's kinda interesting that New York gets to impose its own set of me-too fines in these cases.  Kinda a one state financial stimulus.  Show up at the meeting, collect a check.  Here's the pleading.

Full post as published by Conglomerate on March 17, 2009 (boomark / email).