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Class Six -- Friday, September 19, 2014
For class today please review the excerpt from Chapter Three of The Regulation of Financial Institutions on activities restrictions (pages 89 to 109, but skipping the Texas Attorney General's Letter and subsequent notes, which we read for Class One), as well as the Supreme Court’s decision in Nationsbank v. VALIC. We will begin class with a discussion of the Exercise on Alternative Strategies on Page 109. We will then turn the Arnold Tours (in excerpt) and Nationsbank v. VALIC, 513 U.S. 251 (1995) (posted separately on H2O). Also please review the Three OCC Orders on Derivatives. As you read through these orders, consider whether you agree with the Comptroller’s interpretation of Section 24(Seventh). If not, where do you think the interpretations go wrong?
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