John C. Coffee: “First, we must address the problem of financial institutions that are deemed too big--or perhaps too interconnected--to…”

There is no efficiency in selective disclosure. This is an issue of fairness.

I think one is enormously important: systemic risk. All of the future of our economy depends upon being able to solve in a credible fashion the problems of major bank failure.

We must not let history repeat itself by creating more regulatory black holes and exposing investors to unacceptable levels of risk and outright fraud.

I think it is judicial legislation. It is not usually what the Court does.