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... billions of federal government dollars have been poured into direct equity ownership and loans to/credit support of major U.S. financial services companies, as well as into an effort to rescue the U.S. auto industry. • ... special agendas promoted by special interest groups will further disincentivize quality directors from serving - as well as adversely influence the independent director decision-making so avidly sought by corporate governance advocates. The grass is not always greener elsewhere. ...
The Harvard Law School Corporate Governance Blog - http://blogs.law.harvard.edu/corpgov
3 Feb 6:05 pm
... face as the result of the Parmalat fraud. First, some background. In a global world of service, trademarks denote a level quality, understanding and depth not available from local firms. Naturally, an accounting firm, ... established case law delineating when operational contorl will pierce the franchisor - franchisee veil. I would argue that the proper corporate form for this type of international network is a franchise system, with the franchisor setting standards but not exerting operational ...
Tags: Franchise
Psychology of Compliance & Due Diligence Law - http://www.bizop.ca/blog2/
2 Jun, 2008 7:20 pm by David Jacobson
... in-principle to the commonwealth assuming responsibility for regulating mortgage credit and advice as well as margin loans, with a view to reassessing the regulation of other credit arrangements in due course" . He added that the sub-prime ... in Australia may be unlawful without a complying disclosure document. The Corporations Act has extensive requirements in this area. The Financial Services Working Group is reviewing the quality, complexity, length and range of disclosure documentation with a ...
Australian Regulatory Compliance Review - http://www.djacobson.com/australian_regulatory_rev/
24 Oct, 2007 4:15 am by dave
... - Equity Transactions - Business Combinations and Impairment of Assets - Going-Concern Considerations - Loans and Accounts Receivable (including allowance accounts) - Service Organizations - Use of Other Auditors - Use of the Work of Specialists - Independence - ... The PCAOB notes that many of the smaller firms that were the subject of inspections had taken steps to address quality control deficiencies, including improving their methodologies through the use of audit programs and practice aids, ...
TheCorporateCounsel.net Blog - http://WWW.THECORPORATECOUNSEL.NET/blog/
10 Aug 5:06 am by scott
... the library sector has tended to focus on how this has affected public, academic and corporate libraries. I'd agree. She decide to visited 15 library services at professional bodies such as: British Medical Association , Institution of Mechanical Engineers, ... - didn't feel the report/survey was positive enough, which, for me, says more about the body in question than the quality of the research to be found in the report, which is presented without spin. If you would like to read the report, Cathy ...
Information Overlord - http://www.informationoverlord.co.uk
... regarding loans originated by Countrywide Financial Corporation prior to its acquisition by Bank of America in July 2008. The deal covers nearly 400,000 borrowers who took out subprime loans serviced by Countrywide.[23] Under the terms ... securities." [69] In September 2008, a bond insurance company filed suit alleging that Countrywide misled it about the quality of the loans that it originated and used to collateralize its mortgage-backed securities.[70] The bond insurance company alleges that ...
The Harvard Law School Corporate Governance Blog - http://blogs.law.harvard.edu/corpgov
... what will and should be the institutional relationship between "narrow banking" - deposit taking, extending loans, and providing payment services - and more complex treasury and trading activities? On the originate and distribute, securitised credit model, ... led to it - for instance the failure to distinguish between the capital required to support mortgages of different credit quality. But it is also clear that we will need to adjust Basel 2 in a number of ways. The general direction of travel ...
The Harvard Law School Corporate Governance Blog - http://blogs.law.harvard.edu/corpgov
25 Sep, 2008 6:32 pm by A Voice
... necessary to fortify the competitiveness of our domestic shipbuilding industry by improving its efficiency, cost effectiveness, and the quality of domestic ship construction for commercial and Federal Government use. • Economic Development Administration (EDA) ... mortgage fraud. • Help for Families Facing Foreclosure. The stimulus provides $37.5 million for the Legal Services Corporation to provide legal assistance to families whose homes are in foreclosure. • Public Housing Capital Assistance. The ...
Sex Offender Research by A Voice of Reason - http://sexoffenderresearch.blogspot.com/
26 Mar 8:49 am
... headquartered in the United States. Treasury notes that it plans to select five Fund Managers, or more depending on the quality of applications that are submitted, but Treasury may receive fewer applications than expected because of the requirements ... posed by Legacy Assets and an exciting opportunity for private investors, banks, asset managers and mortgage loan servicers. As with most things, however, the devil is in the details. It will be very interesting indeed to see what the next several ...
Financial Industry Recovery Center - http://www.huntonfinancialindustryrecovery.com/
27 Mar, 2007 8:06 am
... mortgages. I knew there was something wrong with buying subprime securities Sometimes the capital markets have an amnesiac quality; they forget about risk until shockingly reminded of it, and once reminded, they panic: The credit crunch caused ... larger entities. By itself this makes little difference to customers - instead it serves to provide a continuity of origination, loan servicing, and loan collection. Credit standards tighten If the biggest (ergo presumptively best) subprime lender was ...
AHI: United States - http://www.affordablehousinginstitute.org/blogs/us/
20 Nov, 2006 10:09 am by James Edward Maule
... not mean that the quality of legal education is therefore enhanced. Most importantly, it does not mean that the quality of service and justice rendered to lawyers' clients is getting better. As more and more law firms find it economically unfeasible ... doing so. The same can be said for research. The market will fund the research that it needs, either internally (e.g., corporate research), or externally (e.g., university research). The public sector should subsidize such research only if the body ...
MauledAgain - http://mauledagain.blogspot.com
4 Nov, 2007 7:13 am by Robert A. D'Iorio
... Phone: (907) 456-5913 TTY: (907) 451-4889 E-mail: tccs@hotmail.com The ACCA Medical Equipment Loan Closet Web: http://www.fairnet.org/agencies/acca/loans.html DISABILITY ... E-mail: akcap@alaska.com Web: http://home.gci.net/~alaskacap Alaska Legal Services Corporation 1016 West Sixth Avenue, Suite 200 Anchorage, AK 99501-6206 Phone: ... state.ak.us/dma/CAMA.HTM TRANSITION Cathy Anderegg, Director State Impact Grant- Quality Education in the Last Frontier 801 West 10th Street, Suite 200 Juneau, AK 99801- ...
Cerebral Palsy, Erb's Palsy & Birth Injury Blog - http://www.cerebralpalsybirthinjuryblog.com/
5 Jan, 2007 6:12 am
... from the participation of lawyers skilled at counseling and representing clients. 6. Fund student loan forgiveness programs for civil legal aid lawyers. Another reason low-income people have a hard time finding high-quality legal representation is that few recent law school graduates can afford to take public ... should expand a pilot program operated by the Legal Services Corporation, which helps civil legal aid attorneys repay their loans. 7. Pass legislation similar to the Civil Rights ...
TortDeform - http://www.tortdeform.com/
31 Oct, 2008 4:00 am by Karel.Frielink
... even a small or mid-size law firm can be a "one-stop shop", provided it continually monitors the standard of quality of the foreign law firms it works with. Also, being a global firm raises the probability of conflicts. As a small or mid-size ... & Tax Advisers (Curacao, Netherlands Antilles) Spigthoff law firm is a market leader with its strengths in the areas of financial services, corporate, tax and litigation. We practice law throughout the Dutch Caribbean and are routinely called in to ...
Karel's Legal Blog - http://www.curacao-law.com
... freely assigned AAA credit ratings to the senior tranches of mortgage securitizations without doing fundamental analysis of underlying loan quality. Trillions of dollars in complex derivative instruments were written to hedge risks associated with mortgage backed ... be pleased respond to your questions. Footnote: [1] See New York City Economic Development Corporation and McKinsey & Co., Sustaining New York's and the U.S.' Global Financial Services Leadership, January 2007. See also Financial ...
The Harvard Law School Corporate Governance Blog - http://blogs.law.harvard.edu/corpgov
27 Feb 5:01 pm
... LSC's Budget by $40 Million Washington, DC - The House of Representatives approved a $40 million budget increase for the Legal Services Corporation (LSC) on Feb. 25 as part of the fiscal 2009 omnibus appropriations bill. The 11 percent increase would bring ... in 1974, the Corporation operates as a private, nonprofit organization to promote equal access to justice and to provide high-quality civil legal assistance to low-income Americans. Some may recall that an increase in LSC funding was part of ...
TortDeform - http://www.tortdeform.com/
... are working on four initiatives. Previously, in the ―Seaboard‖ case, the Commission set standards to evaluate cooperation by corporations in enforcement actions. The Division is now seeking to create a ―Seaboard‖ for individuals, a public policy statement that will ... risks it was undertaking. In public, Countrywide portrayed itself as underwriting mainly prime quality mortgages, while concealing that the loans it actually was taking on were so risky that Mozilo privately described them as ―toxic ...
The Harvard Law School Corporate Governance Blog - http://blogs.law.harvard.edu/corpgov
11 Mar 5:53 pm
LSC PRESS RELEASE: LSC Receives $40 Million Increase for FY 2009 Washington, DC-The Legal Services Corporation will receive a $40 million increase in funding for fiscal 2009 as part of an omnibus appropriations bill signed into law by the President ... Congress in 1974, LSC operates as a private, nonprofit organization to promote equal access to justice and to provide high-quality civil legal assistance to low-income Americans. This is great news! An incease in LSC funding was one of the things we ...
TortDeform - http://www.tortdeform.com/
29 Sep, 2008 10:36 pm by Alan White
... and bonds responded favorably. Investors and creditors decided that the elimination of debt overhang and the avoidance of threatened corporate bankruptcies more than offset the cost to creditors of receiving 60 cents on the dollar. And the taxpayer ... day will continue for years, with the limited capacity of loan servicers and courts prolonging the problem. The social costs of foreclosure will roll on, increasing the tax burdens and decreasing the quality of life for all households, renter, former ...
Consumer Law & Policy Blog - http://pubcit.typepad.com/clpblog/
23 Jan 12:57 am by Peter Rost
... However, I would not buy a Chrysler again beacuse the new products are lower quality and less visually appealing than their predecessors. "Delivering products with the best ... up on dodge. The dealer couldn't fix it and calling their corporate customer service was a joke. Now they take the tax dollars I didn't want ... produces only garbage. This is no investment; it is a bonfire. Chrysler will be done as soon as these "loans" are due, if not sooner. I will never purchase another Chrysler product as long ...
THE PHARMA LAW BLOG - http://peterrost.blogspot.com/
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