Main Image

About the Authors

Richard Scott Carnell

E-mail address:

Photo - Richard Scott Carnell

Richard Scott Carnell is an Associate Professor of Law at Fordham University School of Law.

  • Assistant Secretary for Financial Institutions, United States Department of the Treasury, 1993-1999
  • Senior Counsel (1989-93) and Counsel (1987-88), United States Senate Committee on Banking, Housing, and Urban Affairs
  • Attorney, 1984-87, Board of Governors of the Federal Reserve System
  • Attorney (1982-84), Broad, Schulz, Larson & Wineberg (San Francisco).
    Principal subjects: Banking Law, Financial Institutions, Corporations. 


  • Handling the Failure of a Government-Sponsored Enterprise, 80 Washington Law Review 565-642 (2005)
  • Banking Law and Regulation, with Jonathan R. Macey & Geoffrey P. Miller (3d ed. Aspen 2001; 4th ed. forthcoming 2008)
  • Federal Deposit Insurance Versus Federal Sponsorship of Fannie Mae and Freddie Mac: The Structure of Subsidy, in Serving Two Masters, Yet Out of Control: Fannie Mae and Freddie Mac (Peter J. Wallison ed.; AEI Press 2001)
  • A Partial Antidote to Perverse Incentives: The FDIC Improvement Act of 1991, 12 Annual Review of Banking Law 317-71 (1993); reprinted in abridged form in 9 Research in Financial Services: Private and Public Policy 199-233 (1997)
  • Straining Out Gnats and Swallowing Camels: The Question of Subsidy to Subsidiaries of Banks, in 35 Federal Reserve Bank of Chicago Conference on Bank Structure & Competition 561-74 (1999 

Harvard University, J.D., 1982
Yale University, B.A., 1975


Jonathan R. Macey

E-mail address:

Photo - Jonathan R. Macey

Jonathan R. Macey is Deputy Dean and Sam Harris Professor of Corporate Law, Corporate Finance and Securities Law at Yale University, and Professor in the Yale School of Management. Professor Macey is the author of several books including Corporate Governance: Promises Made, Promises Broken and the two-volume treatise, Macey on Corporation Laws, and co-author of two leading casebooks, Corporations: Including Partnerships and Limited Liability Companies and Banking Law and Regulation. In 1995, Professor Macey was awarded the Paul M. Bator prize for excellence in Teaching, Scholarship and Public Service by the Federalist Society for Law and Public Policy. In 2004, he was awarded a Teaching Award by the Yale Law Women in recognition of his “commitment to excellence in teaching, mentoring and inspiring.” Professor Macey earned his B.A., cum laude, from Harvard and his J.D. from Yale Law School. He received a Ph.D. honoris causa from the Stockholm School of Economics.

J.D., Yale, 1982
A.B., Harvard, 1977



Geoffrey P. Miller

E-mail address:

Photo - Geoffrey P. Miller
J.D., Columbia Law School, 1978
BA (Philosophy), Princeton University, magna cum laude, 1973
A.B., Princeton University, 1973

Geoffrey P. Miller is an author or editor of ten books and more than 200 articles in the fields of financial institutions, contract law, corporate and securities law, constitutional law, civil procedure, legal history, jurisprudence, and ancient law. He has taught a wide range of subjects including law and economics,corporations, compliance and risk management, property, regulation of financial institutions, land development, securities law, the legal profession, and legal theory. Miller received his B.A. magna cum laude from Princeton in 1973 and his J.D. from Columbia in 1978, where he was a Stone Scholar and editor-in-chief of the Columbia Law Review. He clerked for Judge Carl McGowan of the U.S. Court of Appeals for the District of Columbia Circuit and Justice Byron White of the U.S. Supreme Court. After two years as an attorney adviser at the Office of Legal Counsel of the U.S. Department of Justice and one year with a Washington, D.C., law firm, he joined the faculty of the University of Chicago Law School in 1983 and NYU School of Law in 1995. 

Miller has been a visiting professor or visiting scholar at Columbia University, Harvard University, University of Minnesota, University of Basel (Switzerland), University of Genoa (Italy), Collegio Carlo Alberto (Italy), Study Center Gerzensee (Switzerland), Vanderbilt University, University of St. Gallen (Switzerland), University of Frankfurt (Germany), University of Sydney (Australia), University of Auckland (New Zealand), and the Bank of Japan. Miller is a founder of the Society for Empirical Legal Studies, a scholarly organization devoted to promoting statistical and other empirical techniques in the study of legal institutions. 

He is founder and director of NYU School of Law's Center for Financial Institutions, co-director of NYU's Program on Corporate Compliance and Enforcement, co-convener of the Global Economic Policy Forum, a member of the board of directors of State Farm Bank, and a Fellow in the American Academy of Arts and Sciences.