The Law of Financial Institutions, Seventh Edition

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

Geoffrey P. Miller

Geoffrey Miller is the author or editor of five books and over one hundred articles in such diverse fields as financial institutions, corporate and securities law, constitutional law, civil procedure, legal history, jurisprudence, and ancient law. He has taught a wide range of subjects including property, federal regulation of banking, land development, securities, financial institutions, the legal profession, and legal theory.

Miller received his B.A. magna cum laude from Princeton in 1973 and his J.D. from Columbia in 1978, where he was editor-in-chief of the Columbia Law Review. He then clerked for Judge Carl McGowan of the U.S. Court of Appeals for the District of Columbia Circuit and Justice Byron White of the United States Supreme Court. After two years as an attorney advisor at the Office of Legal Counsel of the United States Department of Justice and one year with a Washington law firm, he joined the faculty of the University of Chicago Law School in 1983.

At the University of Chicago, Miller served as Kirkland & Ellis Professor, Director of the Program in Law and Economics, editor of the Journal of Law and Economics, and Associate Dean.

Miller is Director of the Center for the Study of Central Banks and Financial Institutions, a research institution focusing on the law and economics of central banks and international bank regulation.

Education:

J.D., Columbia Law School, 1978

A.B., Princeton University, 1973

Jonathan R. Macey

han R. Macey is Deputy Dean and Sam Harris Professor of Corporate Law, Corporate Finance and Securities Law at Yale University, and Professor in the Yale School of Management. Professor Macey is the author of several books including Corporate Governance: Promises Made, Promises Broken and the two-volume treatise, Macey on Corporation Laws, and co-author of two leading casebooks, Corporations: Including Partnerships and Limited Liability Companies and Banking Law and Regulation. In 1995, Professor Macey was awarded the Paul M. Bator prize for excellence in Teaching, Scholarship and Public Service by the Federalist Society for Law and Public Policy. In 2004, he was awarded a Teaching Award by the Yale Law Women in recognition of his “commitment to excellence in teaching, mentoring and inspiring.” Professor Macey earned his B.A., cum laude, from Harvard and his J.D. from Yale Law School. He received a Ph.D. honoris causa from the Stockholm School of Economics. Education:

J.D., Yale, 1982
A.B., Harvard, 1977