Bankruptcy Blogs

Stop the FDIC's Crusade Against Brokered Deposits

03/30/15

Not only do the FDIC's limitations on brokered deposits curtail bank earnings, they deny banks the ability to use brokered deposits to meet community lending needs.

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Bankrupt Security Firm Tapped Former Joint Chiefs Chairman

03/30/15

As US Investigations Services was working to hang on to hundreds of millions of dollars in federal contracts, the security screening firm called on a former chairman of the Joint Chiefs of Staff, Michael G. Mullen, for help.

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CFPB Payday Loan Plan Marks Return to Smart Lending

03/30/15

The CFPB's proposed reforms for payday and other high-cost loans are both welcome and long overdue. But there are two ways the agency can further improve future requirements.

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The Daily Docket: Salus Changes Mind on Increasing RadioShack Bid

03/30/15
Chronicle-Tribune/Associated Press

Salus Capital Partners, the hedge fund trying to gain control of RadioShack

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Morning Scan: Mortgage Foreclosure Cases May Soon End; Barney Frank's Autobiography

03/30/15

Wall Street Journal In a review of former Sen. Barney Frank's new autobiography, "Frank: A Life in Politics From the Great Society to Same-Sex Marriage," the Wall Street Journal recounts what former House Speaker Tip O'Neill told his colleague: Frank could have been the first Jewish Speaker of the House of Representatives, had he not been gay. James Kirchick's review says little about Frank's work on banking matters, and doesn't mention the Dodd-Frank Act. "Many readers'Â...

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Ukraine's Russian Problem, Part 2

03/29/15

Ukraine is telling investors it must trim external debt by $15.3 billion. Its bonds have CACs but no aggregation, and a 50% vote is needed to bind holdouts.

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Foreclosure Crisis Update

03/28/15

Is the foreclosure crisis over? Yes and no. Since 2007, about six million homes have been sold at foreclosure sales (Foreclosures Public Data Summary Jan 2015). Today, about one million homes are still somewhere in the foreclosure process.

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Clickwrap Contracts and the Federal Government

03/27/15

The government is a major player in the marketplace as a buyer of goods and services, but legal scholars seldom pay attention to the law governing federal acquisitions. As it turns out this nearly completely ignored branch of contract law is actually way ahead of the curve, at least on the question of shrinkwrap and clickwrap contracts.  Title 48 of the Code of Federal Regulations contains the Federal Acquisition Regulations promulgated by the General Services Administration.

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Kanye West Seeks to Buy Streetwear Retailer Karmaloop

03/27/15

This week on The Broke and the Beautiful, Kanye West wants to buy Karmaloop, Parma hits another bump in the road, and U.K. boxer Ricky Burns was declared bankrupt.

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Wall Street Heeds Silicon Valley's Siren Song: Weekly Wrap

03/27/15

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including thoughts on Wall Street's dwindling number of high-powered women and the merits and drawbacks of the CFPB's consumer complaint database.

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