January 13, 2012

New Book of Essays on Bill's Work

"The Political Heart of Criminal Procedure: Essays on Themes of William J. Stuntz" has just been published by Cambridge University Press: here.  The book is based on the papers written by a number of the country's top criminal justice scholars for the conference at Harvard Law School in honor of Bill in 2010.  The essays are terrific.  (The hardback is pricey; if folks who interested in purchasing a copy email me privately, it's possible I can get a bit of a discount.)

Orin Kerr on The Collapse of American Criminal Justice

I've been meaning for weeks to link to a very thoughtful review by Orin Kerr of Bill's book on the Volokh Conspiracy blog: here.  Orin gives an excellent summary of the book and its importance, then concludes by asking, among other things, whether Bill's account of criminal justice in earlier eras is too "rosy."  It's well-worth reading.

December 7, 2011

Another View on American's Bankruptcy--Skeel

A friend sent an interesting email offering a less sympathetic view of bankruptcies like the American bankruptcy. With his permission, I thought I would quote it in full here:

"David: I read your post.  But it seemed to me that AA filing was, essentially, just another in the long line of U.S. board decisions over the last twenty-five years or so to use our liberal bankruptcy laws as a strategic restructuring tool to get rid of debt and contracts and employee obligations that they felt held back profitability and the stock price.  Chapter 11 is a wonderful tool for people who are essentially amoral, as many people in business and most lawyers are."

"I remember when I saw the amorality that accompanies most Chapter 11's up close and personal for the first time.  It was in July, 1977, when GAF Corporation, the company where I was SEC and finance counsel, did what was at the time a big divisional write-off and fired most of the workers at some factories in and around Binghamton, NY.  I worked on the SEC and financial aspects, but what struck me was stuff I learned talking to managers in Personnel: for example, how none of the second and third-tier managers questioned instructions to do things "in the most effective way" -- just telling hundreds of factory workers they were fired when they reported for their shift at 7 A.M. or 8 A.M., and instructing them to go downtown to file for unemployment, declining to arrange with the state department of unemployment to set up tables at the factory where workers could file for benefits more easily."
 
"Actually, I'm not sure whether the department name had yet been changed from "Personnel" to "Human Relations."  No matter; in my experience, "Human Relations" people are always the meanest, most unfeeling people around, people who live the Nuremberg Defense."

December 5, 2011

Was it Immoral for American Airlines to File for Bankruptcy?--Skeel

The former CEO of American thought so.  He's seems like an admirable leader, but I think he's wrong about bankruptcy.  Here's a little blog post elaborating on that theme.

November 20, 2011

Richard Posner's Review in The New Republic

Richard Posner's review in the current New Republic is here.  More on this and the other reviews soon.

October 29, 2011

More Great Reviews

There are a number of new reviews of Bill's book, in addition to Justice Stevens' review in the New York Review of Books and Lincoln Caplan's review in Democracy mentioned in earlier posts.  I'll start adding them to this post. 

As Bill's colleague Carol Steiker noted at the wonderful Harvard Law School celebration for the book last week, Bill put an enormous amount of energy into the book in his last couple of years (so much so that she often urged him to take it easier).   It shows, and is reflected in the reviews' repeated use of terms like "magisterial."  ("Magisterial" comes up so often, and is so obviously accurate, that I'm trying to come up with some other word.)

The Wall Street Journal review is here

The review in Chroncle Review is here.

October 21, 2011

Stuntz Book Event and NYRB Review

A very belated post to note that there will be a book event for The Collapse of American Criminal Justice at Harvard Law School at 3pm today for those who are in the area. It should be wonderful.  (Check the Harvard Law website).

There is a terrific review of the book by Justice Stevens in the current issue of New York Review of Books.  Although review defends some of the Supreme Court's handiwork during the Warren Court era of the 1960s (which Bill criticises in the book as having had bad unintended consequences), Justice Stevens makes clear just how compelling and important The Collapse of American Criminal Justice is.  It's linked here.

The Eurozone Crisis--Skeel

Earlier this week, I wrote an op-ed on the Eurozone crisis that was inspired by a wonderful conference in Iceland two weeks ago, and follows up on thoughts from an earlier blog post.  The op-ed is here.

October 11, 2011

Occupy Wall Street--Skeel

My favorite piece on the Occupy Wall Street movement thus far is a commentary by John Gapper in last Thursday’s Financial Times. (In good capitalist fashion, FT puts articles behind a paywall, so I can’t link to the commentary here).  For Gapper, there’s nothing wrong with the movement’s confused messages—the mostly young protesters are angry at Wall Street and worried about the future, and appropriately so. He would be much more disappointed if the movement devolved into violence, as has occurred in Greece and London.

If OWS is like a Tea Party movement from the left-- I agree with commentators like Gapper who have suggested it is-- Democratic politicians should hesitate to assume that OWS is wind in their sails. Much as the mostly Republican Tea Party criticized President Bush’s spending and bailouts, the mostly Democratic OWS may indict President Obama for underestimating the seriousness of the economic crisis and failing to rein in the largest banks.
 
I don’t think a massive new stimulus would solve the economic malaise. Continuing to rely on government funding, and keeping the market at bay, seems more likely to prolong than to end this period of low growth and few jobs. If OWS is as varied and multi-faceted as it seems, perhaps one or two of the protestors might even agree.

October 5, 2011

The Suskind Book--Skeel

My first reaction to the reviews of Ron Suskind’s new book about the Obama administration’s handling of the economic crisis was that it mostly seemed to confirm widely held views, such as the perception that President Obama and Treasury Secretary Geithner are both comfortable with big banks, and resisted to efforts to scale them down. (The one big exception was the President’s temporary decision to break up Citigroup, which was, according to Suskind’s sources, stymied by Geithner).

My other reaction was to marvel at how differently President Obama and Elizabeth Warren address politically sensitive issues. The President often seems to tailor his remarks to his audience. This got him in trouble during the 2008 campaign, when he told a group of Democratic contributors that ordinary Americans cling to guns and religion. During the economic crisis, he has berated Wall Street, on the one hand, while defending the too big to fail banks behind the scenes.
 
Warren recently caused a flutter when her quote (at a gathering of fervent Democrats) that no one got rich on their own, without the government, went viral on YouTube. In the Suskind book, she complains that the Obama administration can’t criticize Wall Street and at the same time “dump money in their laps and be credible.” Her message—that the government has a central role to play, that big institutions should be controlled, that consumers need a protector-- is almost the same in both contexts. Whether one likes the message or hates it, it doesn’t change from one setting to the next.