Khashoggi ≠Kavanaugh “Res ipsa loquitur” (rayz ip-sah loh-quit-her) n. Latin for “the thing speaks for itself,” a doctrine of law that one is presumed to be negligent if he/she/it had exclusive control of whatever caused the injury even though there is no specific evidence of an act of negligence. –Law.com President Trump on Tuesday criticized...Read More
Financial Res Ipsa Loquiter – Part 2 [Note: please return to this post after reading Part 1] Even people who agree that holding Wall Street accountable is a laudable goal are likely to raise four objections. The most serious arguments — and the rebuttals — are: One. “No laws were broken.” Specifically, the SEC allowed...Read More
Financial Res Ipsa LoquiterIf the stock market surged 15% in the week since Bernie Madoff finally went to prison, just imagine what it would do once the senior management at companies like AIG, Citigroup, Goldman Sachs, and Fannie Mae are held accountable for their behavior. And why shouldn’t they be? Thanks to the legal principle...Read More
