I am attending the National Conference of Bankruptcy
Judges meeting in New Orleans this week. Here are some highlights.
Lawrence P. King Award
The Commercial Law League of America presented the Lawrence P. King Award to
Judge Burton Lifland from the Southern District of New York. In his acceptance...
I am at the 2011 National Conference of Bankruptcy Judges
in Tampa, Florida. For this first day, I heard a good mix of consumer and
chapter 11 programs along with a provocative economist. Here are a few
Chapter 11 Issues
On the chapter 11 side, the topic du jour was In re DBSD North...
Thursday's lunchtime speaker was Gregory L. Miller, Chief
Economist for SunTrust Banks, Inc. His presentation was not too gloomy but a
bit disturbing. He began Saturday Night Live style saying, "I'm the economist
and you're not."
Miller predicted that "there is not going...
The Long and Short of It: Financial Engineering Meets
Chapter 11 was one of the more esoteric presentations at the conference with an
unusual lineup of panelists. The group included New York Bankruptcy Judge James
Peck, investment banker David Barse, Professor Edward Janger, Dr. Riz Mokal
Prof. Ralph Brubaker and Prof. Ken Klee spoke on "Not
Again! Will Bankruptcy Courts Survive the Supreme Court's Second Look At Stern
v. Marshall?" However, their panel could have been titled, "Does the Bankruptcy
World Need Yet Another Talk on Stern v. Marshall?" Fortunately...
Rajeev Date had the unenviable job of filling a speaking
slot originally assigned to Elizabeth Warren to discuss the creation of the
Consumer Financial Protection Bureau. He is currently the Special Advisor to
the Secretary of the Treasury on the Consumer Protection Bureau. Prior to that,
Dr. Thomas Hoenig was the Friday luncheon speaker. He
served for twenty-five years as President and CEO of the Federal Reserve Bank
of Kansas City. He said that he "wanted to get you on board that Too Big to
Fail is bad policy." He warned that the crisis brought about by Too Big to Fail...
The National Conference of Bankruptcy Judges concluded
with an interview of Supreme Court Justice Elena Kagan by Third Circuit Judge
Marjorie Rendell and Bankruptcy Judge Randall Dunn. Justice Kagan was very
humble and self-effacing, but was not overly forthcoming.
In an ironic twist, Justice Kagan...