Omarova Article Helps Instigate Regulatory Change

Law professor and blogger Frank Pasquale recently published a post in response to a scathing critique of law journals by Times journalist Adam Liptak. Pasquale notes that law journals can actually help instigate change and cites, as an example, Saule T. Omarova’s article The Merchants of Wall Street: Banking, Commerce, and Commodities, published in Issue 1 of Volume 98 of the Minnesota Law Review.

Pasquale “heard from a Hill staffer that Saule T. Omarova’s article . . . helped spark a major, economy-boosting change in the Fed’s regulation of bank holding companies.” According to Pasquale, “[p]ublic interest groups have given her a great deal of credit for illuminating shadowy practices with zero productive value, and great cost to the real economy.” Congratulations to Professor Omarova.

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