I wonder if this is how late night comedians feel about Anthony Weiner. He is, surely, the biggest gift that keeps on giving to their profession. On the other hand, it is summer, a time to relax and tell some knock-knock jokes ... but some people just cannot help themselves.
I have a piece on Salon about whether creditors should be able to force the liquidation of the Detroit Institute of Arts collection. The DIA collection is apparently municipal property, although the DIA is an independent non-profit entity that basically operates the collection.
Carter Dougherty added last week to the many recent articles (here and here) on regulators who are cracking down on internet lending, both state and federal. First, the Justice Depart
So today is Kodak's confirmation hearing, and when the plan is confirmed, as I expect it will be, Kodak will continue to exist, but it will no longer be a film company. That will take some getting used to.
The NY Times has a pretty significant error in its reporting on the Summers vs. Yellen Fed Chair race. It says that Yellen was the head of the Federal Reserve Bank of San Francisco, which was Countrywide's regulator. That's wrong. FRBSF was never Countrywide's primary regulator. That was the OCC and then OTS.
Again, this is me posting on Adam Levitin's behalf because he is away from Internet access as he owns an Apple computer (often a redundant statement). Adam writes:
R.
Glenn Hubbard and Tim Kane have an op-Ed in the NYTimes proposing a federal
balanced budget amendment as the solution to federal deficits.
This may be my byline, but I am posting for Adam Levitin. He is not in his office, and his Apple device is not being cooperative with our blog hosting service. He asked me to post for him, apparently unaware that meant that I would also get to take cheap shots like asking whether he would like to replace his Apple faux-device with a real computer.
Given the many ways in which payday lenders have been able to transform themselves into title lenders and installment lenders, and to otherwise avoid state law, l try not to get too optimistic that high-cost lending practices will be curbed.
