As the FDIC Turns: Senator Schumer’s Letter about IndyMac

The letter that Senator Chuck Schumer sent to the Federal Deposit Insurance Corporation and the Office of Thrift Supervision about IndyMac has been making headlines, especially after the bank run that lead the FDIC to step in officially.

We had a faculty member interested in reading the letter in its entirety, and our search found many places on the web that excerpted selected text, but not the complete correspondence.  Ultimately, our search was successful and I am posting the full text of this hot doc here (hat tip to the nice people at AmericanBanker.com).

Oregon and The Power of Persuasion

According to a detailed, must-read report of the Oregon laws copyright dispute hearing carried by the Loaded Orygun, the hearing “was an astonishing display of open-mindedness and respect for informed opinion that resulted in a victory for the public interest.”   As Loaded Orygun’s post “ Shocking Democracy In LCC Hearing: Decision Actually Swayed by Testimony!” reports:

 Carl Malamud and Karl Olson testified first, making arguments strongly based in case law history. Tim Stanley of Justia.org followed, expressing the impact that the LCC’s decision would have on his business, and also expressing a desire to serve as a facilitator in effective public discourse about the law. They had been pursuing a case in Federal court, which was clearly a concern of the LCC members. The LCC also took verbal testimony from three Oregon residents, the authors of this blog post: Pete Forsyth, a collaboration consultant; Bart Massey, a PSU professor and open source advocate; and Amy Sample Ward, formerly of the Chalkboard Project and current project manager for Connectipedia.org. A number of others, including wiki inventor Ward Cunningham and Portland attorney Matthew Whitman, submitted written testimony. Every legislator was thoroughly engaged with the process, . . .

It brings to mind the words of Margaret Mead:  “Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it’s the only thing that ever has.”

For those of you who will be in Portland in a couple of weeks, you’ll get to meet these free access thoughtful, committed citizens and learn what they are next setting their sights upon.

Who:  Tim Stanley and Carl Malamud

What:  AALL Hot Topic, “”Push Back and Push Forward — Open Access in Oregon and Beyond.” 

Where:  OCC-Portland Ballroom 254

When:  Sunday, July 13, 2008, 4:15 p.m.

Why:  To liberate the law.

OpenAustralia.org goes live

Our alumnus Matt Asay’s blog The Open Road is a blog that matters to us and yesterday he added an item of special interest:  Open Sourcing Australia:  OpenAustralia.org goes live.

It seems reasonable to suggest that no nation should cede its sovereignty to any private, commercial interest. . . .

. . .

Larry Lessig argues that “code is law,” meaning that the very software we use to construct the Internet, intranets, etc. has a powerful effect on what is actually possible through these communication media.. . .

It is therefore important that Australia opted for open-source software in capturing the mind and history of its parliament. This is what sovereign nations do. Or, at least, it’s what they should do.

 

I just took a look at the Australian site.  It is a model.  I was impressed by everything and thought that this current awareness service was especially impressive:

Sign up to be emailed when something relevant to you happens in Parliament

New Panamanian Criminal Procedure Code

Panama is the latest Latin American country planning to introduce accusatorial reforms to its criminal procedure regime. A draft Criminal Prodecure Code (Código Procesal Penal) is currently being discussed in the National Assembly. If the draft becomes law, Panama will join over a dozen other Latin American countries that have moved from inquisitorial systems to accusatorial ones. The new Panamanian code includes oral proceedings at trial and the separation of prosecutors and judges.  A Spanish version of the draft Criminal Procedure Code is available at: http://www.scribd.com/doc/3182192/proyecto-de-ley

Bloomberg Law Congressional Bill Alert function

From the “What’s New” page of the July 2008 issue of Bloomberg Markets (p. 176):

Tracking Congressional Bills

The Bloomberg Law Search function now lets you set alerts to notify you of the progress of U.S. House or Senate Bills.  To track House bills related to hedge funds, for example, . . .

The State of the State of Oregon

No, not Tuesday’s election.  Over on the Open Case Law Google Group, Carl Malamud has posted this discussion:

For those of you who are interested in the issue of copyright on state statutes, there is some updated information available here:

http://public.resource.org/oregon/

As always, we welcome any efforts to huna kuna the drafts!

Best regards,

Carl

A little bit about the legislative process…

So, I was googling myself, well, actually for my blog posts :) and I ran across some really some really interesting bits. Much like browsing the shelves in our library, you always find something interesting (del.icio.us, too) when you let yourself link on through to the next site and the next and so on.

I happened across the terrific OpenHouseProject.com while reading about the PublicMarkup.org initiative (more about that in a later post), and I read about this really handy-dandy CRS publication:

The Congressional Research Service and the American Legislative Process” — The report is freely available to us all thanks to OpenCRS.org ["Congressional Research Reports for the People" is their noble tagline.]

Here is the brief description of the report from OpenCRS:


“The Library of Congress, as its name suggests, is a library dedicated to serving the United States Congress and its Members. It serves additionally as an unexcelled national library. The Library was located in the Capitol Building with the House of Representatives and the Senate until 1897, and its collections always have been available for use by Congress. Building upon a concept developed by the New York State Library and then the Wisconsin legislative reference department, Wisconsin’s Senator Robert LaFollette and Representative John M. Nelson led an effort to direct the establishment of a special reference unit within the Library in 1914. Later known as the Legislative Reference Service, it was charged with responding to congressional requests for information. For more than 50 years, this department assisted Congress primarily by providing facts and publications and by transmitting research and analysis done largely by other government agencies, private organizations, and individual scholars. In 1970, Congress enacted a law transforming the Legislative Reference Service into the Congressional Research Service (CRS) and directing CRS to devote more of its efforts and increased resources to performing research and analysis that assists Congress in direct support of the legislative process….”

For more, read the report — and, did I mention that it is only 10 pages long, too!