Monday, December 5, 2011
SAN DIEGO (December 5, 2011)—On Sunday, University of San Diego School of Law George E. Barrett Professor of Law and Finance Frank Partnoy was interviewed once again by Steve Kroft on the CBS Sunday evening news program, 60 Minutes.
The story focuses on two high-ranking financial whistleblowers, who say they tried to warn superiors about defective and even fraudulent mortgages. Law professor and financial expert Frank Partnoy explained that despite legislation designed to fight financial fraud, prosecutors have been reluctant to bring cases.
One of the world’s leading experts on the complexities of modern finance and financial market regulation, Professor Partnoy has testified as an expert regarding various aspects of financial markets and regulation before both houses of Congress, and he frequently advises regulators and major corporations. He writes regularly for The New York Times and the Financial Times, and has appeared on numerous media programs, including 60 Minutes, The NewsHour, and The Daily Show with Jon Stewart.
Professor Partnoy is also director of USD School of Law's Center for Corporate and Securities Law. He teaches and writes in the areas of corporate law, corporate finance and financial market regulation. His most recent book, The Match King: Ivar Kreuger, The Financial Genius Behind a Century of Wall Street Scandals, is about the 1920s markets and Ivar Kreuger, who many consider the father of modern financial schemes. The Match King was a finalist for the Financial Times-Goldman Sachs Business Book of the Year in 2009.
Partnoy's other publications include his book on Enron, Infectious Greed: How Deceit and Risk Corrupted the Financial Markets (Henry Holt), and FIASCO: Blood In The Water On Wall Street (W.W. Norton) as well as more than 20 articles on various topics related to financial market regulation. Before joining the USD faculty in 1997, Partnoy worked as an investment banker at CS First Boston and Morgan Stanley in New York, and as an attorney at Covington and Burling in Washington, D.C. He was co-recipient of the 1999 Thorsnes Prize for Excellence in Teaching and was the 2004 Herzog Endowed Scholar.
About USD School of Law
The University of San Diego School of Law is a center of academic excellence focused on preparing its students for legal practice in the new century. One of the most selective law schools in the country, the School of Law’s nationally recognized faculty create a demanding, yet welcoming environment that emphasizes individualized education. USD law school graduates consistently score higher than the state average on the California Bar Exam and go on to practice law throughout the country and abroad, forming an influential network of alumni. The USD School of Law is one of only 81 law schools in the country to have a chapter of The Order of the Coif, the most distinguished rank of American law schools. The school is accredited by the American Bar Association and is a member of the Association of American Law Schools. Founded in 1954, the law school is part of the University of San Diego, a private, nonprofit, independent, Roman Catholic university chartered in 1949.