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At the height of his power and influence the justiciar was the king's chief political and judicial officer, superintending the administrative machinery and acting as regent in the king's absence abroad. He was also a feudal lord or bishop; and the study of the careers of the chief justiciars, as soldiers and politicians, judges and financiers, throws light on the workings of feudal society and on the technical administrative means by which royal power was effectively exercised. Dr West traces the history of the office from the first need for the delegation of royal power under William 1 until the Anglo-Norman dominion broke up and government became too complicated. As an administrative post it attained its greatest importance in the formative periods of administrative development under Henry 1 and later under Henry 11. Unlike the offices of sheriff and chancellor the justiciarship has never been systematically examined. Dr West's book is a pioneer account of the most important office under the king and an examination of a central theme of English constitutional and administrative history.
Rigged financial markets and hopeless under-regulation on Wall Street are not new problems. In this book, Susanne Trimbath gives a sobering account of naked short selling, the failure to settle, and her efforts over decades, trying to get this fixed. Twenty-five years ago, Trimbath was working “backstage at Wall Street” when a group of corporate trust specialists told her about a problem in shareholder voting rights. When she went to senior management at Depository Trust Company (DTC), then and still the largest securities depository in the world, they brushed it off saying, “You can’t balance the world.” Ten years later, a lawyer from Texas would tell her that the same problem was about to blow up the financial markets: Wall Street brokers are using short sales and fails to deliver to grab the assets of American entrepreneurs. This is a cautionary tale. What started as a regulatory failure turned into a regulatory crisis. Shareholder democracy is in shambles. The institutions that were established to correct a problem of trade settlement failures have instead exacerbated the problem. Global financial markets may not survive what comes next.
Abstracts were taken from order books and deed and will books.