Bankruptcy Blogs

Morning Scan: Boost for Bitcoin; More Stress Test Stress

03/11/15

Receiving Wide Coverage ...

Bitcoin's Big Coming Out: So maybe Bitcoin isn't just for money launderers and drug dealers. Some well-placed folks must think Bitcoin has a role in the mainstream. Two examples emerged on Tuesday of new efforts to expand Bitcoin's use by the broader establishment. Blythe Masters, a former JPMorgan Chase executive, has been named chief executive of Digital Asset Holdings, a new Bitcoin trading platform. Masters helped pioneer the credit-derivatives market in the...

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Bankruptcy Lawyers Cheer White House Focus on Student Debt

03/10/15
President Barack Obama signs a Student Aid Bill of Rights in the Oval Office of the White House in Washington, D.C., March 10, 2015.
European Pressphoto Agency
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The Average Student Debt Load in D.C. is a Whopping $40,885

03/10/15

The nation’s student-debt tab has more than doubled since the recession to roughly $1.3 trillion, but the burden varies greatly by state.

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Gigaom Shuts Down, But Won’t File for Bankruptcy

03/10/15

Technology blog Gigaom announced that, unable to pay creditors, it’s discontinuing its operations, but it likely is not filing for bankruptcy.

In a post titled “a brief note about our company,” Gigaom’s management said it’s currently unable to pay creditors that have rights to all of the company’s assets. Gigaom said it doesn’t know what lenders plan to do with the assets, but “the company does not currently intend to file bankruptcy.”

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The Little Bill that Could Take Down TBTF

03/10/15

The Subsidy Reserve Act would bring into the open the financial benefits of being TBTF Â-- benefits the big banks claim to be nonexistent.

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Trump Decision – Administrative Claims of Employees

03/10/15

In an 11 page opinion (the “Opinion”) released March 9, 2015, in the Trump Entertainment Resorts, Inc. bankruptcy (Case No.

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Tiered Regulation Can Help Regional Banks Spur Economic Growth

03/10/15

Tiered regulation could bring about a number of useful changes for regional banks, including a more customized approach to determining capital adequacy and simplified resolution planning requirements.

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Morning Scan: Feds Worried About Nomura Litigation?; Cuomo Blasted

03/10/15

Wall Street Journal

An unsigned Journal editorial makes the argument that the feds are scared out of their wits by the potential of going to a jury trial in a case involving mortgage-backed securities. Japanese bank Nomura Â-- one of the 18 banks named in the Federal Housing Finance Agency 's 2011 lawsuit Â-- is willing to fight the government's lawsuit claiming Fannie Mae and Freddie Mac were victimized by the banks, which didn't inform the...

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