Richard Scott Carnell
Richard Scott Carnell is an Associate Professor of Law at Fordham University School of Law. Former positions include: Assistant Secretary for Financial Institutions, United States Department of the Treasury, 1993-1999; Senior Counsel (1989-93) and Counsel (1987-88), United States Senate Committee on Banking, Housing, and Urban Affair; Attorney, 1984-87, Board of Governors of the Federal Reserve System; Attorney (1982-84), Broad, Schulz, Larson & Wineberg (San Francisco).
Principal subjects: Banking Law, Financial Institutions, Corporations.
Publications:
Handling the Failure of a Government-Sponsored Enterprise, 80 Washington Law Review 565-642 (2005)
Banking Law and Regulation, with Jonathan R. Macey & Geoffrey P. Miller (3d ed. Aspen 2001; 4th ed. forthcoming 2008)
Federal Deposit Insurance Versus Federal Sponsorship of Fannie Mae and Freddie Mac: The Structure of Subsidy, in Serving Two Masters, Yet Out of Control: Fannie Mae and Freddie Mac (Peter J. Wallison ed.; AEI Press 2001)
A Partial Antidote to Perverse Incentives: The FDIC Improvement Act of 1991, 12 Annual Review of Banking Law 317-71 (1993); reprinted in abridged form in 9 Research in Financial Services: Private and Public Policy 199-233 (1997)
Straining Out Gnats and Swallowing Camels: The Question of Subsidy to Subsidiaries of Banks, in 35 Federal Reserve Bank of Chicago Conference on Bank Structure & Competition 561-74 (1999)
Education:
Harvard University, J.D., 1982
Yale University, B.A., 1975