In the News

HLS faculty weigh in on recent legal news

A selection of analyses and opinions from Harvard Law School experts.

A Financial System Still Dangerously Vulnerable to a Panic

An op-ed by Glenn Hubbard and Hal Scott. Dodd-Frank restrictions on the Federal Reserve’s powers to act as lender-of-last-resort, coupled with restrictions on federal guarantees for bank deposits and money-market funds, pose a threat to U.S. and global financial stability…The Dodd-Frank Act (July 2010) pulled back the Fed’s lender-of-last-resort powers for non-banks. They can now be exercised only with the approval of the Treasury secretary, and the Fed cannot lend to a single institution as it did with AIG . It must now only lend under a broad program, and must also meet heightened collateral requirements. In addition, the FDIC cannot expand guarantees to bank depositors without congressional approval, and the Treasury can’t do the same to money-market funds without new legislative authority. These changes could make it difficult for the Fed and other regulatory bodies to act effectively in the next crisis.Continue Reading at The Wall Street Journal »

The Wrong Path to Higher Ed Equality

An op-ed by Tomiko Brown-Nagin. President Obama’s free community college proposal and college ratings initiatives promise to further the historic expansion of college access begun in 1965, when Congress created the Pell Grant Program, which pried open the doors of higher education to deserving but poor students. But the administration’s chosen means to the praiseworthy end of further expanding college access do not fundamentally challenge inequality in higher education; instead, they reinforce our two-tiered and unequal system. Federal policy instead should encourage academically qualified, lower-income students to matriculate to selective, four-year colleges. A monetary rewards system (a Race to the Top for higher education) or statutory mandates could advance that objective.Continue Reading at Inside Higher Ed »

The Race Hate We All Know

An op-ed by Nimra Azmi [`15]. The slayings of Razan Abu-Salha, Yusor Abu-Salha and Deah Barakat has convulsed the Muslim-American community as no other event has since September 11, 2001. It is not simply that we see ourselves reflected back in those three beautiful young people. We see our ugliest fears about the United States reflected back—that our college educations and professional degrees cannot keep us safe, that someday, someone will hate us for our faith or our skin color and no amount of American Dream will safeguard us.Continue Reading at Colorlines »

See All »

Recent Highlights