Schwarcz, Steven L. - In: Review of Law & Economics 1 (2005) 1, pp. 81-95
Many of the worlds banks have operations, if not branches or agencies, in the United States. When these banks fail, their U.S. operations and assets are subject to a confused, and confusing, patchwork of insolvency laws, both federal and state. This essay examines that legal patchwork, asking...