ARTICLES
In Remembrance: Donald F. Clifford, Jr.
LISSA L. BROOME, BOARD OF ADVISORS 1
Wall Street Meets Main Street: Understanding the Financial Crisis
EAMONN K. MORAN 5
Perspectives on the Financial Crisis: Introduction
EDITORIAL BOARD 103
Stripping Off Market Accountability: Housing Policy Perspectives on the Crises in the Financial System
CHARLES E. DAYE 105
Bankruptcy Reform and the Financial Crisis
MELISSA B. JACOBY 115
Filling a Regulatory Gap: It is Time to Regulate Over-The-Counter Derivatives
THOMAS LEE HAZEN 123
Extraordinary Government Intervention to Bolster Bank Balance Sheets
LISSA L. BROOME 137
The New Crisis for the New Century: Some Observations on the "Big Picture" Lessons of the Global Financial Crisis of 2008
SAULE T. OMAROVA 157
Whither Wachovia? Wells Fargo Wins the Battle for the Storied North Carolina Banking Institution
FRANK A. HIRSCH, JR., JOSEPH S. DOWDY 167
Loan Modifications: Turbulent Times - Troublesome Topics
J. THOMAS DUNN, JR. 197
The Cooperative Structure of the Federal Home Loan Banks: A Model for Government Sponsored Enterprises?
JILL SPENCER, JULIA BROWN, REGGIE O'SHIELDS 227
North Carolina Leads Again: Loan Servicing Amendments to the Mortgage Lending Act
DONALD C. LAMPE 247
NOTES & COMMENTS
I. Financial Products
The Emerging U.S. Market for Covered Bonds
MILLER A. JEFFERSON 263
Auction-Rate Securities: A Fast and Furious Fall
SEAN T. SEELINGER 287
401(k) Debit Card: Valuable Asset or Another Way to Deplete Retirement Accounts?
ANDREW O. FURUSETH 317
Reverse Mortgages: Changes Brought About by the Housing and Economic Recovery Act
ANNIE E. NELSON 337
II. Current Issues Affecting the London Interbank Offered Rate
LIBOR Left in Limbo; A Call for More Reform
JUSTIN T. WONG 365
III. Investing in Financial Institutions
Private Equity Investment in Financial Institutions and How to Avoid Becoming a Bank Holding Company
RAVI R. DESAI 385
Chinese Banks' Reemergence in the United States
JOHN D. FITZPATRICK 413
IV. Consumer Focus
The Exploitation of Bank Charges and Undermining of Consumer Protection: Exploring the Realms of High-to-Low Check Posting
WILLIE E. SPRUILL, II 433
V. North Carolina's Response to the Mortgage Crisis
North Carolina's Emergency Measures to Reduce Home Foreclosures
CAROLYN E. WALDREP 453
VI. Case Studies and Comment
The Federal Reserve's Catch-22: A Legal Analysis of the Federal Reserve's Emergency Powers
THOMAS O. PORTER, II 483
The Decline and Fall of IndyMac: How Deteriorating Economic Conditions, Inadequate Responses to those Conditions, and the Senior Senator from New York Caused One of the Largest Bank Failures in United States History
JASON MORAN-BATES 515
Finding Middle Ground in the Preemption War Between States and Federal Financial Institutions: The Practical Limitations on State Farm Bank, F.S.B. v. Reardon
EMMA J. HODSON 541