This article from the 2001 Nobel laureate in economics is a concise and cogent description of the courses of action re: the bailout. We’re pleased to see that someone is talking about the need for quality due diligence and the potential risks of shoddy or slight investigations into value. We have pushed this message with…
Wanted: a work-for-hire (so it can be released under a CC license for non-commercial use, exact license TBD) software “widget” that, at a minimum, works on a GSM Blackberry Pearl (AT&T) using Hosted BES from Intermedia. Feature: allows for an option-type (i.e., one time) setting to auto-BCC a single address on every email sent from…
Larry Ribstein, who’s a law professor and pretty focused on corporate governance generally, just described the bailout in some pretty straightforward terms. WARNING: we are not typically focused on macroeconomics except in scenario planning. However, we see strong tendrils of the situation that are really about investor expectations, the efficiency of the market, and the…
We generally subscribe to the theory that commercial contracts are about allocation of risk in a transaction. Dealbook today writes about a clause in the Merrill Lynch / Bank of America merger agreement. Here’s the clause: “(c) No investigation by a party hereto or its representatives shall affect the representations and warranties of the other…