Bankruptcy Blogs

Faith-Based Markets

05/16/14

Paul Krugman has a column today about the blind, fundamentalist faith in efficient markets.  This is a phenomenon that Stephen Lubben and I have been discussing recently (did Krugman just preempt our paper idea?), as we've both encountered it in the financial regulatory policy debate: 

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The Broke and the Beautiful: Dr. Dre Edition

05/16/14

This week on The Broke and the Beautiful, Dr. Dre lost a bankruptcy battle against Death Row Records, and Joe Giudice got some good news. Also, Debbie Reynolds is selling off her last batch of Hollywood memorabilia.

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Weekly Wrap: The Upside of Regulation; Bitcoin Consumer Protections

05/16/14

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

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Forward Motions: Sbarro Seeks Bankruptcy Exit

05/16/14

Monday is shaping up to be a busy day in bankruptcy court. In the morning, Sbarro LCC will seek confirmation of its bankruptcy-exit plan before Judge Martin Glenn in the Manhattan bankruptcy court.

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Lehman’s Lesson: Keep It Simple

05/16/14

Instead of focusing on the size and complexity of Lehman Brothers’ financial business, the lesson for officials dealing with the next big bank blowup is to separate the bank’s core operations from its finance subsidiaries, says law professor Stephen Lubben.

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The Daily Docket: Energy Future Faces More Fire on Bankruptcy Financing Plan

05/16/14

Energy Future Holdings Corp.’s bid to revamp the balance sheet of one of its major divisions is taking more fire from investors the company would like to see sign on to the deal. Read the Daily Bankruptcy Review article here.

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Morning Scan: Would a $2.5 Billion Deal Be a Bargain for Credit Suisse?

05/16/14

Receiving Wide Coverage ...

Suisse Justice: Credit Suisse is close to a $2.5 billion settlement deal with the Justice Department, according to anonymice who spoke with the Wall Street Journal. The Swiss bank would pay $1.7 billion to the Justice Department, $100 million to the Federal Reserve and $600 million to the New York State Department of Financial Services. The penalties for allegedly helping Americans dodge taxes strike some observers as a little low. "If Lawsky...

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More of Debbie Reynolds’s Hollywood Memorabilia to be Sold at Auction

05/15/14
In this May 2013 photo, Debbie Reynolds poses for a portrait with her dog, Dwight, in Beverly Hills, Calif.
Chris Pizzello/Invision/Associated Press
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Energy Future Paid Millions to Sidley Before Bankruptcy

05/15/14

New court papers show Sidley Austin LLP was the big earner among the professional firms grooming Energy Future Holdings Corp. as it headed toward a restructuring, raking in a $17.5 million retainer for representing the parent company that sits atop the beleaguered Texas power-selling conglomerate.

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Housing Finance Reform Should Be True Reform -- Not Retrogression

05/15/14

Any bill that does not return with provisions reinstating affordable housing goals and lowering down payment requirements is still a failure, writes the head of the National Urban League.

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