John C. Coffee: “We must not let history repeat itself by creating more regulatory black holes and exposing investors to unacceptable…”

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.

The tide has gone out on Wall Street, and we are now increasingly finding 'who has been swimming naked.'

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

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