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One of America's leading bankruptcy scholars, Professor Elizabeth Warren of Harvard Law School, has appeared on Jon Stewart's Daily Show. The focus of the piece is on her role as chair of the Congressional Oversight Panel on Toxic Relief, as opposed to her bankruptcy work, but it is still worth a view, especially as part two does start to discuss approaches to bank bankruptcy in an historical context. See part one and part two. For a full biography of Professor Warren see here. Jon's "all you have done is bankruptcy law" comment and his observation on Professor Warren dispensing, "financial chicken soup" are both quite amusing! The oversight panel's work is summarised here. Professor Warren's SSRN entry can be seen here. Professor Warren has spoken at length to the broadcast media over the years.
"This is the ultimate statement of where the law on IVAs is to be found in our great common law...