Despite the insider trading laws and Sarbanes-Oxley, Jesse Fried argues that executives still make billions of dollars of insider trading profits each year by timing their stock sales: requiring advance disclosure of such trades would go far to address this problem.

Despite the insider trading laws and Sarbanes-Oxley, Jesse Fried argues that executives still make billions of dollars of insider trading profits each year by timing their stock sales: requiring advance disclosure of such trades would go far to address this problem.

Lucian Bebchuk of Harvard argues that the U.S. stress test for banks was deeply flawed and other countries should at least try to gauge the long term losses on toxic assets.

This paper puts forward a proposal for redesigning the Treasury's plan for addressing the financial crisis. The redesigned plan, argues Lucian Bebchuk, would do a far better job of protecting taxpayer interests and restoring financial stability.