The Big Short

How the Financial Crisis Destroyed Standing Doctrine

Environmental scholars are very familiar — perhaps too familiar — with how the constitutionalization of standing doctrine has restricted the ability of environmental groups to challenge agency actions.  I’ve recently read several books about the financial crisis, and it’s occurred to me that Wall Street innovation may have made traditional standing doctrine a dead letter. My …


Of Electricity Deregulation, Financial Meltdown, and Spilled Oil

As we contemplate the implications of the BP oil spill, California approaches another ominous milestone: the tenth anniversary of the series of electric power price shocks that came to be known as the California Energy Crisis of 2000-2001. Meanwhile, many try to unravel the economic crisis that walloped the U.S. and world economies so decisively …