CDOs, CMOs, SIVs: The economic crash has littered the nation’s courts with suits over these and other exotic financial instruments. Judges need a crash course to keep up.
Or so argues Josh Markus, a Florida lawyer who will urge delegates at the ABA’s annual meeting in San Francisco this week to officially encourage financial products and practices education and training for judges in the U.S. and abroad. The proposal, one of 35 resolutions up for debate, is a complement to a resolution on financial market reform adopted by the ABA last August, Markus said.
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