Robert C. Hockett
Robert C. Hockett is an American law professor and Edward Cornell Professor of Law at Cornell Law School.[1][2]
Career
Hockett's area of study is banking and financial institutions, corporate law and economics, and finance, trade, and monetary law,[3] frequently publishing and commenting as a legal expert on those topics in news publications and programs such as National Public Radio[4] Newsweek [5] Barron's[6] The Wall Street Journal[7] and The Economist.[8] He has been a member of the Cornell Law School faculty since 2004 and became the Edward Cornell Professor of Law in 2014, a chair first held by Harry George Henn, who was appointed in 1970.[9] Since 2012, Hockett has been a Fellow with the Century Foundation,[10] a progressive public policy think tank.[11] Hockett also is Senior Consultant with Westwood Capital Holdings, a boutique investment bank in New York City, and has previously worked for the Federal Reserve Bank of New York and the International Monetary Fund.
Hockett is an advocate of proposals exploring the use of eminent domain to purchase underwater mortgages from private label securitization trusts in order to write down mortgage debt for homeowners whose homes are worth less, post-crash, than the debts they owe on them.[12][13][14] He has advised municipalities[8] on the issue and testified before Congress on the subject in 2012.[15] Hockett also advises legislators and regulators on finance-regulatory matters, and has testified before the U.S. Senate on the same. His proposals for post-crisis economic reform, some co-authored with Daniel Alpert and Nouriel Roubini for the New America Foundation, have also drawn Congressional attention.
Hockett earned his B.A. and J.D. degrees from the University of Kansas where he was also selected as a Rhodes Scholar. While at Oxford he earned a Master's in Philosophy & Economics and later earned LL.M. and J.S.D. degrees from Yale University.[16] Hockett also served as a law clerk Judge Deanell Reece Tacha, of the United States Court of Appeals for the Tenth Circuit.
Publications
Selected Publications
- ‘We Don’t Follow, We Lead’: How New York Will Save Mortgage Loans Nationally by Condemning Them Locally, 124 Yale Law Journal 131 (2014)
- A Federalist Blessing in Disguise: From National Inaction to Local Action on Underwater Mortgage Loans, 7 Harvard Law & Policy Review 253 (2013) (with John Vlahoplus)
- Paying Paul and Robbing No One: An Eminent Domain Solution for Underwater Mortgage Debt, 19 (5) Current Issues In Economics & Finance 1 (2013)
- Were ‘It’ to Happen: Contract Continuity Under Euro Regime Change, 34 University OF Pennsylvania Journal of International Law 277 (2013)
- It Takes a Village: Municipal Condemnation Proceedings as Underwater Mortgage Cure, 18 Stanford Journal of Law, Business & Finance 121 (2013)
- Six Years On and Still Counting: Sifting Through the Mortgage Mess, 9 Hastings Business Law Journal 373 (2013)
- A Fixer-Upper for Finance, 87 Washington University Law Review 1213 (2010)
References
- ↑ Instructional and Web Services, Cornell Information Technologies. "Professorships A-M". cornell.edu.
- ↑ Instructional and Web Services, Cornell Information Technologies. "Robert_Hockett, Banking and Financial Institutions, Corporate Law, International Development, Finance and Trade Law". cornell.edu.
- ↑ "United States Senate Committee on Banking, Housing and Urban Affairs : Hearings". senate.gov.
- ↑ "Citigroup Settlement Offers Former Homeowners 'Cold Comfort'". NPR.org. 15 July 2014.
- ↑ "UK's Serious Fraud Office Grills Traders Over Europe-Wide Rate Fixing Scandal". Newsweek. 9 March 2015.
- ↑ Dimitra DeFotis. "Third Bailout? Greece Says It Won’t Run Out Of Cash, In March". Barrons.
- ↑ Ahmed Al Omran in Riyadh And Nikhil Lohade in Dubai (16 April 2015). "Saudi Arabia to Open Stock Market to Foreign Investors on June 15". WSJ.
- 1 2 http://www.economist.com/news/finance-and-economics/21592644-radical-plan-help-underwater-homeowners-makes-comeback-not-waving
- ↑ Saxon, Wolfgang (18 October 1994). "Harry George Henn, 75, Author And a Law Professor at Cornell". The New York Times. Retrieved 26 October 2015.
- ↑ Allen McDuffee (6 April 2012). "Robert Hockett, Cornell law professor, joins The Century Foundation". Washington Post.
- ↑ ": Experts & Staff". tcf.org.
- ↑ "Should Eminent Domain Be Used to Save Underwater Homes?". TIME.com.
- ↑ Can Cities Use Eminent Domain To Seize Mortgage Loans?. YouTube. 19 July 2012.
- ↑ http://video.cnbc.com/gallery/?play=1&video=3000189052
- ↑ http://www.lawschool.cornell.edu/spotlights/upload/Testimony-of-Robert-Hockett-11-September-2012-Third-Round.pdf
- ↑ http://ww3.lawschool.cornell.edu/faculty/faculty_cvs/Hockett.pdf