Risk

My thanks to Michael Abramowicz, Brad Clark, John Duffy, Howell Jackson, Geoffrey Miller, Richard Nagareda, Robert Rhee, Bill Rubenstein, Anthony Sebok, Mark Spindel, and participants in faculty workshops at Harvard Law School, Georgetown University Law Center, and George Washington University Law School.

The author thanks Ishan Bhabha, Christopher Buccafusco, Mark Egerman, Sam Erman, Richard Fallon, Terry Fisher, Sandy Henderson, Richard Posner, David Post, Henry Smith, Rebecca Stone, Cass Sunstein, and Elisabeth Theodore for comments and advice on previous drafts.

Many thanks to Michael Abramowicz, Amitai Aviram, Eric Biber, Ralph Brubaker, Thomas Colby, Dan Cole, John Colombo, Dhammika Dharmapala, Kirsten Engel, Lee Fennell, David Fontana, Eric Freyfogle, Robert Glicksman, Shi-Ling Hsu, Bruce Huber, Heidi Hurd, Christine Hurt, David Hyman, Charles Imohiosen, Eric Johnson, Robin Juni, Richard Kaplan, Robin Kar, Patrick Keenan, Dan Kelly, Jay Kesan, Scott Kieff, William Kovacic, Robert Lawless, Michael Livermore, Tim Malloy, Jonathan Masur, Jud Mathews, Brian McCall, Emily Meazell, John Nagle, Jonathan Nash, Lee Paddock, Richard Pierce, Jeffrey Pojanowski, Dara Purvis, Andrew Reeves, Larry Ribstein, Richard Ross, J.B. Ruhl, Steven Schooner, Karen Bradshaw Schulz, Justin Sevier, Jamelle Sharpe, Nicola Sharpe, Paul Stancil, Suja Thomas, Robert Tuttle, Lesley Wexler, Jonathan Wiener and Verity Winship for their comments and suggestions. Thanks also to the editors of The University of Chicago Law Review, including Liz Austin, Brad Hubbard, and Matt Rozen, for outstanding editorial support.

Portions of this Article draw on the authors’ testimony to Congress and amicus briefs in MetLife, Inc v FSOC. For helpful comments and suggestions, we thank Hilary Allen, Chris Brummer, Peter Conti-Brown, Jeff Gordon, Claire Hill, Bob Hockett, Brett McDonald, Saule Omarova, Richard Painter, Christina Skinner, and Margaret Tahyar, and the audiences at presentations at Cambridge, Oxford, Columbia Business School, the University of Connecticut, the University of Minnesota, Georgetown Law Center, Wharton, and the Indira Gandhi Institute for Development Research. Thanks to Jayme Wiebold for research assistance.