Richard Scott Carnell

• Assistant Secretary for Financial Institutions, United States Department of the Treasury, 1993-1999;
• Senior Counsel (1989-93) and Counsel (1987-88), United States Senate Committee on Banking, Housing, and Urban Affairs;
• Attorney, 1984-87, Board of Governors of the Federal Reserve System;
• Attorney (1982-84), Broad, Schulz, Larson & Wineberg (San Francisco).
• Principal subjects: Banking Law, Financial Institutions, Corporations

Education

• Harvard University, JD, 1982
• Yale University, BA, 1975

Representative Publications

• Banking Law and Regulation, with Jonathan R. Macey & Geoffrey P. Miller (4th ed. 2008)
• Handling the Failure of a Government-Sponsored Enterprise, 80 Washington Law Review 565-642 (2005)
• Federal Deposit Insurance Versus Federal Sponsorship of Fannie Mae and Freddie Mac: The Structure of Subsidy, in Serving Two Masters, Yet Out of Control: Fannie Mae and Freddie Mac (Peter J. Wallison ed.; AEI Press 2001)
• A Partial Antidote to Perverse Incentives: The FDIC Improvement Act of 1991, 12 Annual Review of Banking Law 317-71 (1993); reprinted in abridged form in 9
• Research in Financial Services: Private and Public Policy 199-233 (1997)
• Straining Out Gnats and Swallowing Camels: The Question of Subsidy to Subsidiaries of Banks, in 35 Federal Reserve Bank of Chicago Conference on Bank
• Structure & Competition 561-74 (1999)