March 20, 2008
The FSA is investigating what appears to have been a “trash and cash” operation relating to HBOS shares: this is where someone (perhaps a bank trader or a hedge fund) for a fee borrows shares, say in HBOS, promising to return them on a fixed date; sells them, say at £1 each; then does something, [...]
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March 19, 2008
Another fascinating case was argued before the US Supreme Court yesterday: in this case, the question before the court is whether the second amendment to the US Constitution, which guarantees citizen’s right to bear arms, precludes state laws outlawing handgun ownership. A transcript of yesterday’s oral argument is here; and here are merits briefs for [...]
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