Way back in January 2009, Blawgletter wrote that we doubted a 1995 federal law – a sub-section of which the Second Circuit called "the RICO Amendment" — bars claims, under the Racketeer-Influenced and Corrupt Organizations Act, that allege fraud involving credit default swaps and other swap contracts. MLSMK Inv. Co. v. JP Morgan Chase & Co., No.
derivatives
NYT Editors Hope for Ban on “Gaming” in Law Against “Abusive Derivatives”
By Barry Barnett on
Something has gone amiss when Blawgletter feels brighter on a subject than the brainiacs who write lead editorials for The New York Times. Today's exception, we think, proved the rule.
The way-smart NYT editors yesterday penned a top-of-the-left-hand-column-just-below-the-masthead item that looked at holes in the bank-unfriendly bills Congress now has before it.