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John Cochrane and Stephen Bainbridge on Dodd-Frank reform in a new administration;
- Gift of insider information to friends or family is insider trading, rules SCOTUS in Salman v. U.S. [Thaya Brook Knight, Bainbridge, WLF, Ira Stoll; earlier]
- Five state legislatures (California, Oregon, Illinois, Maryland, and Connecticut) now push private employers to enlist employees in state retirement plans. Caution needed [Vimbai Chikomo, AMI Newswire, SIFMA, NAIFA, Bloomberg in August on new rules; earlier here and here]
- “The Repeal of the Glass-Steagall Act: Myth and Reality” [new Oonagh McDonald Cato Policy Analysis, Mark Calabria]
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Federalist Society podcast with Jason Johnston and Thaddeus King on class actions in consumer finance agreements;
- More on why de novo bank starts have become so uncommon [Kevin Funnell]
Filed under: banks, California, Connecticut, Dodd-Frank, Illinois, Maryland, Oregon, securities litigation
One Comment
The push for the states with the largest retirement plan shortfalls to require private employers to enlist workers in the state retirement plans is nothing but a Ponzi scheme sponsored by the states. They’ll use the money from the newer, lower wage earner to pay the bloated retirement plans the states are currently underfunding.