An Important Announcement:
Over at Concurring Opinions, Dave Hoffman announces:
Concurring Opinions, like A.I.G. and Fannie Mae/Freddie Mac before it, is now too big too fail. We expect that should our blogging rate slow, or the general market conditions to lead to a run on our host, the Feds will step in ensure market stability.Ditto for the Volokh Conspiracy: So many blogs rely on this blog that our problems are really everyone's problems. So yeah, looking back on it, maybe all those crazy parties and trips to Vegas to blow our advertising revenue weren't a good idea. But hey, it's too late for that: We need to think about the public interest now, and the public interest is obviously in government-backed law blogs.
Don't worry, no one fails law school. At least as long as you pay your tuition. . . .
Nick
The trick, though, is to convince the Fed that you're too big to fail. Attain that, and all is clear before you!
Bear-Sterns thought it was too big to fail, too. They were wrong.
Now, my continued happiness certainly depends, to some extent, on the continuation of Volokh Conspiracy. I'm not sure the well-being of the global economy so resides, however.
And what about all my research? The AWOL Project? My series on sexism in the exlectorate at Corrette Wire? If I go under, that stuff just disappears!
Unfortunately, I don't know enough about financial markets to know how wrong all this is. What I do know is that I've kept my money OUT of money market accounts, and in bank issued CSs... BECAUSE the money market accounts were not insured. Of course, I got a lower rate of return on my CDs because they were backed by the FDIC.... and now the government is guaranteeing money market funds? SCREW THAT! Those people understood that their money was NOT insured, and if they lose every cent, well, thems is the breaks. As a taxpayer, it REALLY pisses me off that I chose to invest what little money I have conservatively -- and now we're bailing out the people who took risks?
Same as the old boss. Did I mention I have floor seats for The Who on Nov. 3?
Not after the bailout you don't. As a taxpayer, though, I'll happily take your tickets in return for my new ownership share.
squeaky-voiced teen: Fill out Schedule B. You should receive your burgers in 6 to 8 weeks.
Hmm... not a natural born citizen... good question....
Unless you have some JBG as well, I'm not interested.
This is why some people get the big bucks. Even when making an obvious joke, Orin carefully leaves himself wiggle room by not saying, "no one fails my class."
Over at SCOTUS Blog (which Akin Gump has apparently decided to position as the up-to-the-minute Supreme Court resource, rather than an interactive forum), there is the first slug of cases to watch. Two cases are interesting as they address 4-1-4 decisions:
07-1484 Kemp v. Osage Nation is a replay of Idaho v. Couer d'Alene Tribe (1997) in which Kennedy and O'Connor took different positions on Ex parte Young actions. This will be the first chance for Roberts and Alito to express themselves on a core federalism issue.
07-1523 Lee v. Louisiana is a replay of Apodaca v. Oregon (1972) which allowed non-unanimous felony jury verdicts. In this case, Powell took an idiosyncratic position while Blackmun (who had not yet become Justice Blackmun) joined White, Burger and Rehnquist. Given Scalia's position in Crawford and the Aprendi line of cases, it should go about 7-2.