On the recordMay 3, 2010
I think it is judicial legislation. It is not usually what the Court does.
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congress.govI think it is judicial legislation. It is not usually what the Court does.
Coffee critiques Supreme Court decisions as overstepping judicial boundaries.
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More from John C. Coffee
First, I believe the greatest enemy of job creation today is not overregulation, but the loss of investor confidence.
The Volcker Rule was a reasonable way of doing that, by getting banks out of the business of proprietary trading.
Don't throw that last resort out. It saved us in 2008, and not that much has changed in the regulation of the money market funds.
We believe that leapfrogging rulemakings whose deadlines are months away ahead of rulemakings whose deadlines are months passed... violates both the spirit and the letter of the law.