Overlawyered » TARP http://overlawyered.com Chronicling the high cost of our legal system Tue, 14 Feb 2012 11:28:52 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 TARP money to settle shareholder class actions http://overlawyered.com/2009/04/tarp-money-to-settle-shareholder-class-actions/ http://overlawyered.com/2009/04/tarp-money-to-settle-shareholder-class-actions/#comments Thu, 30 Apr 2009 18:56:27 +0000 Walter Olson http://overlawyered.com/?p=10878 Freelance journalist Dan Slater in the NYT’s “Dealbook” (via Above the Law) spies a “bailout for the plaintiff’s bar”:

…settlements resulting from the scores of shareholder suits against TARP entities will stretch into the stratosphere.

Sure, through TARP, taxpayer money may be used to pay off mortgages and fund bonus pools. But, in what will amount to a far more expensive proposition, TARP money will also be used to line the pockets of allegedly aggrieved shareholders and the lawyers who, wrapped smugly in the flag of corporate governance, are in the process of making a billion-dollar cottage industry out of filing strike suits.

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]]> http://overlawyered.com/2009/04/tarp-money-to-settle-shareholder-class-actions/feed/ 5 Barney Frank and the healthy TARP banks http://overlawyered.com/2009/03/barney-frank-and-the-healthy-tarp-banks/ http://overlawyered.com/2009/03/barney-frank-and-the-healthy-tarp-banks/#comments Fri, 13 Mar 2009 14:16:05 +0000 Walter Olson http://overlawyered.com/?p=9747 As Thom Lambert (via Larry Ribstein) makes clear, the Massachusetts Democrat either doesn’t understand the nature of the bank program, or does understand it and has chosen to demagogue the issue anyway (cross-posted from Point of Law).

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]]> http://overlawyered.com/2009/03/barney-frank-and-the-healthy-tarp-banks/feed/ 8 How to save the financial markets http://overlawyered.com/2009/03/how-to-save-the-financial-markets/ http://overlawyered.com/2009/03/how-to-save-the-financial-markets/#comments Mon, 09 Mar 2009 13:42:10 +0000 Ted Frank http://overlawyered.com/2009/03/how-to-save-the-financial-markets/ Larry Ribstein has an idea.

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