November 19, 2010

I Love You, Bethany McLean

Can a man love both Bethany McLean and his wife at the same time? I’ve watched several interviews now featuring Bethany and Joe Nocera (the NY Times’ columnist who spoke so well at our executive pay conference last year) and both of them clearly are the voice of reason. Here is their interview on Charlie Rose – and here is their interview from “The Daily Show.”

I just placed their new book – “All the Devils are Here: The Hidden History of the Financial Crisis” – on my Christmas list and I sure hope they come to DC on a book tour so I can have them sign it…

For a random act of culture, check out this video of a flash mob doing an oratorio at Macy’s.

Matrixx Initiatives v. Siracusano: The Upcoming SCOTUS “Materiality” Case

Many of us are eagerly awaiting the Supreme Court’s decision in Matrixx Initiatives v. Siracusano as it will be the first SCOTUS decision on “materiality” since Basic v. Levinson in 1988 and TSC Industries v. Northway in 1976. This article explains the case nicely.

With oral argument recently set for January 10th, the briefs – including numerous amicus briefs – have been submitted – and are now available. Among others, the SEC and groups of professors have weighed in on this important case.

SEC’s RiskFin Director Hu: Back to Academics

As I tweeted yesterday, I was not surprised to hear that the SEC’s RiskFin Director Henry Hu was returning to his post at the University of Texas after little more a year on the job. I would imagine that most academics would have trouble shifting gears from theory in teaching to the realities of regulation – and my guess is that this dramatic change played a role in Henry’s impending departure. It will be interesting to see who the SEC taps as the next Director given this development…

– Broc Romanek