Search Results for: Financial Crisis

Former AIG executives settle SEC financial fraud case

August 6, 2009 03:42:00 PM

Former American International Group (AIG) executives on Thursday agreed to settle a suit brought by the US Securities and Exchange Commission (SEC) alleging their involvement in inflating the company's reported financial...

August 4, 2009 10:59:00 AM

UK Attorney General Janet Scotland pledged to improve Britain's policies on combating fraud and corruption in an interview published Monday in the Financial Times . Scotland's comments came in response to accusations that the country's...

July 27, 2009 03:55:00 PM

The US Securities and Exchange Commission (SEC) on Monday made permanent a temporary ban on the so-called 'naked' short selling of stocks. In a normal short sale, a trader borrows and sells a...

July 24, 2009 10:15:00 AM

US financial regulators and scholars advised the Senate Banking Committee on Thursday that "safety and soundness" can be restored to the financial system through increased regulatory oversight, but did not agree on the...

July 24, 2009 08:36:00 AM

The Obama administration sent Congress draft legislation Wednesday that would put the Federal Reserve in charge of regulating the largest financial firms . The proposed legislation would create an eight-member Financial Services...

July 24, 2009 08:05:00 AM

The European Commission (EC) on Thursday announced new rules including a number of specific criteria that European banks seeking government assistance must meet. Under the new guidelines, banks are required to show they...

July 22, 2009 07:39:00 AM

The US House Financial Services Committee on Tuesday delayed action on legislation that would create a consumer financial protection agency, slowing progress on a key Obama administration project. The delay was granted at the...

July 17, 2009 02:05:00 PM

Finance expert William Brodsky on Friday called for the merger of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) . Brodsky and others testified before the US House of...

July 15, 2009 11:38:00 AM

The US Securities and Exchange Commission (SEC) is engaging in more vigorous enforcement of its rules and policies in order to address the financial crisis and improve investor protection, Chairman Mary Schapiro testified before...

June 20, 2009 10:33:00 AM

A European Council summit meeting in Brussels concluded on Friday with a resolution to create a new European financial supervisory and monitoring system. The new system will seek to balance the need of...

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THIS DAY @ LAW

Anita Hill testifies about Clarence Thomas sexual harassment

Attorney Anita Hill testified before the US Senate Judiciary Committee on October 11, 1991 about sexual harassment she suffered from her former supervisor Clarence Thomas, who was nominated by President Ronald Regan for a seat on the US Supreme Court. The US Senate would later confirm Thomas by a vote of 52–48 despite Hill's testimony. Watch the Clarence Thomas confirmation hearings on CSPAN.

Vatican II opens

On October 11, 1962, the Second Ecumenical Council of the Catholic Church convened in Rome, Italy. Over the next three years, the conference modernized Church Law for the modern era. The most noticeable changes included the celebration of mass in the vernacular, a new emphasis on the role of laypersons, and a greater acceptance of other faiths. Read documents from Vatican II from Church archives.

Harlan Fiske Stone born

On October 11, 1872, Harlan Fiske Stone, future Columbia Law School dean (1910-1924), US Attorney General under President Calvin Coolidge (1924-25), US Supreme Court Associate Justice (1925-41) and Chief Justice (1941-46), was born in Chesterfield, New Hampshire. As part of a political compromise, Stone became the first Supreme Court nominee to appear before the Senate Judiciary Committee, testifying for five hours on January 28, 1925.

Harlan Fiske Stone born

On October 11, 1872, Harlan Fiske Stone, future Columbia Law School dean (1910-1924), US Attorney General under President Calvin Coolidge (1924-25), US Supreme Court Associate Justice (1925-41) and Chief Justice (1941-46), was born in Chesterfield, New Hampshire.

As part of a political compromise, Stone became the first Supreme Court nominee to appear before the Senate Judiciary Committee, testifying for five hours on January 28, 1925.