Koniak

"Bondholders today anticipate making as little as $70,000 on a foreclosed home like that in our example," Geanakoplos and Koniak wrote, because foreclosed homes typically sell for a steep discount relative to other for-sale homes.

The Economist The Obama Administration Should Have Listened To 2010

"Bondholders today anticipate making as little as $70,000 on a foreclosed home like that in our example," Geanakoplos and Koniak wrote, because foreclosed homes typically sell for a steep discount relative to other for-sale homes.

The Economist The Obama Administration Should Have Listened To 2010

In that March op-ed, Geanakoplos and Koniak (a law professor at Boston University) proposed the following: a government-formed, taxpayer-funded plan that would focus on reducing principal for credit-impaired homeowners who were underwater in their mortgages.

The Economist The Obama Administration Should Have Listened To 2010

In that March op-ed, Geanakoplos and Koniak (a law professor at Boston University) proposed the following: a government-formed, taxpayer-funded plan that would focus on reducing principal for credit-impaired homeowners who were underwater in their mortgages.

The Economist The Obama Administration Should Have Listened To 2010

In referencing the provision in Obama's plan that pays mortgage servicers and bondholders for each successfully modified loan, Geanakoplos and Koniak wrote: The taxpayers need not and should not be responsible for making up the difference between the payments due bondholders before a loan is modified, and those due after modification.

The Economist The Obama Administration Should Have Listened To The Huffington Post News Team 2009

In that March op-ed, Geanakoplos and Koniak a law professor at Boston University proposed the following: a government-formed, taxpayer-funded plan that would focus on reducing principal for credit-impaired homeowners who were underwater in their mortgages.

The Economist The Obama Administration Should Have Listened To The Huffington Post News Team 2009

"Bondholders today anticipate making as little as $70,000 on a foreclosed home like that in our example," Geanakoplos and Koniak wrote, because foreclosed homes typically sell for a steep discount relative to other for-sale homes.

The Economist The Obama Administration Should Have Listened To The Huffington Post News Team 2009

This sort of argument, which is a form of hyperlegalism, is ably analyzed in a wonderful article by Susan Koniak, When Law Risks Madness, 8 Cardozo Stud.

Balkinization 2004

He had given him the name of Koniak, which, in the language of the country signifies a guest, and a friend.

North Carolina University Magazine, Volume 1 Number 1, February 1852 1861

In the article, Geanakoplos and Koniak don't seem allow for 'responsible' homeowners to be anything but responsible.

Marginal Revolution 2009