Most people by now know the story of how speculation in mortgage-backed securities, along with a host of exotic derivatives built around them, created our banking crisis. The bursting of the housing bubble brought down some of our country’s largest financial institutions and plunged us into the Great Recession that...
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Eduardo Moisés Peñalver, a professor at Cornell University School of Law, is the author, with Sonia Katyal, of Property Outlaws: How Squatters, Piirates, and Protesters Improve the Law of Ownership (Yale University Press).