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Thomas Jackson

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Thomas H. Jackson is currently a Distinguished University Professor at the University of Rochester where he also served as ninth president from 1994 to 2005. Before that Jackson was vice president and provost of the University of Virginia, which he first joined in 1988 as dean of Virginia’s School of Law. He has also been professor of law at Harvard (1986–88) and served on the Stanford University faculty (1977–86). A 1972 graduate of Williams College, Jackson earned his law degree from Yale in 1975. He first clerked for U.S. District Court judge Marvin E. Frankel in New York (1975–76) and then for Supreme Court justice (later chief justice) William H. Rehnquist (1976–77). The author of bankruptcy and commercial law texts used in law schools across the country, he has served as special master for the U.S. Supreme Court.

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Recent Commentary

Making Failure Feasible Proposes Bold New Monetary Reforms
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Making Failure Feasible

by Thomas Jackson, Kenneth E. Scott, John B. Taylorvia Books by Hoover Fellows
Thursday, October 15, 2015

In 2012, building off work first published in 2010, the Resolution Project proposed that a new Chapter 14 be added to the Bankruptcy Code, exclusively designed to deal with the reorganization or liquidation of the nation's large financial institutions.

Economics Abstract

Resolution of Failed Financial Institutions: Orderly Liquidation Authority and a New Chapter 14

by Thomas Jackson, Kenneth E. Scott, Kimberly Anne Summe, John B. Taylorvia Analysis
Monday, April 25, 2011
Studies by the Resolution Project at Stanford University’s Hoover Institution Working Group on Economic Policy.
 
The purpose of this short collection of papers is to demonstrate why the "orderly liquidation authority" in Title II of the Dodd–Frank bill “Wall Street Reform and Consumer Protection Act of 2010” should be supplemented with a new and more predictable bankruptcy process designed specifically for large financial institutions. 
Ending Government Bailouts As We Know Them image cover

Ending Government Bailouts As We Know Them

by Nicholas F. Brady, Darrell Duffie, Joseph A. Grundfest, Richard J. Herring, Thomas M. Hoenig, Thomas Jackson, William F. Kroener III, Charles S. Morris, Kenneth E. Scott, George P. Shultz, Kenneth Spong, Johannes Stroebel, Kimberly Anne Summe, John B. Taylor, Paul Volckervia Hoover Press
Monday, March 15, 2010

The American people are clearly upset about the massive government bailouts of faltering organizations and the consequent commitment of taxpayer dollars-as well as the heavy involvement of the federal government in private sector activities.