Sarah P. Woo, Regulatory Bankruptcy: How Bank Regulation Causes Firesales, 100 Geo. L. J. __ (forthcoming). Anna Gelpern It is so very lucky that Sarah Woo chose to write Regulatory Bankruptcy: How Bank Regulation Causes Firesales as one article, not the four it could have been. When she died this summer, the legal academy lost a truly original thinker and careful researcher who asked the right questions-and had the knowledge, insight, and judgment to answer them. It is a huge loss. Regulatory Bankruptcy is the rare article that finds smart answers to interesting questions, which also happen to be good answers to very important questions. The project occupies the intersection of bankruptcy, financial regulation, risk management, and crisis response, and makes theoretical and empirical contributions to each of these fields. I especially appreciate the way in which it helps flesh out the under-studied relationship between law and macroeconomic policy. Continue reading "Vision and Loss"
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