Lender-Directed Voting
An edited transcript of a response by Ed Blount, Executive Director, Center for the Study of Financial Market Evolution, and ASTEC Consulting, New York, in a webcast with Professor Henry Hu, University of Texas Law School, Austin, Texas, and Mr. Christopher Kunkle, Vice President of JP Morgan Chase Bank, New York, on March 21, 2007, as moderated by Ms. Diana Bourke, Executive Vice President of Institutional Shareholder Services, ISS Governance Forums. (
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Empty Voting
In 2006, a team of academic researchers claimed to find evidence of "vote buying" and manipulation of corporate governance in the U.S. equities securities lending markets. Their studies claimed that spikes in equities. CSFME research concluded that there are several reasons to question the validity of these academic conclusions. (
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Liability Dynamics
After the collapse of Bear Stearns and Lehman Brothers, investors were shocked to learn that even senior executives failed to appreciate how vulnerable their firms were when denied access to short-term funding markets. Similar funding denials preceded the de facto collapses, shotgun mergers, or bailouts of other large investment banks, as well as AIG, Citigroup, Fannie Mae, and Freddie Mac. (
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