Bankruptcy Blogs

Yellen's Lesson for Women in Banking

10/09/13

Janet Yellen shouldn't have needed anyone’s help to be nominated to lead the Fed. Her tortuous path underscores the importance of rallying around qualified women candidates for industry leadership positions.

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Yellen Knows What It Takes to Fix the Financial System

10/09/13

The distinguished economist will have to make monetary policy a priority during her tenure as Fed chair. But Yellen won’t forget about her financial regulatory role and is likely to support stricter capital requirements along with enhanced nonbank supervision.

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FDIC Guidance Still Leaves Banks, Processors at Examiners' Mercy

10/09/13

Hopefully, examiners will respect good-faith efforts by banks and third-party processors to verify that a merchant’s business is legal – rather than expect financial institutions to guarantee how courts will decide.

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Yellen's Fed Nomination May Hit Washington Gridlock

10/09/13

Receiving Wide Coverage ...

Yellen Picked as Next Fed Leader: President Obama will formally nominate Janet Yellen today to be the chairwoman of the Federal Reserve, the White House announced Tuesday. Yellen, current vice-chair of the Fed, was one of the front runners to replace Ben Bernanke, the current chairman, who is set to step down in January. She became the top candidate after Lawrence Summers withdrew his name from consideration last month. Although Yellen's nomination...

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The Daily Docket: Dead Bank Bondholders Win Round Against FDIC

10/09/13

Bondholders of Downey Financial Corp. won big Tuesday when a bankruptcy judge said the former home lender, not the Federal Deposit Insurance Corp., has top claim on a $374 million tax refund. Read the Daily Bankruptcy Review story via The Wall Street Journal.

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Bankruptcy For Rapper DMX

10/09/13

Post image for Bankruptcy For Rapper DMX

When someone can’t get a passport due to child support arrears, bankruptcy may be an option. Just ask rapper DMX.

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Access to Credit Is Key in GSE Reform

10/08/13

A government guarantee must be accompanied by an obligation to responsibly serve creditworthy borrowers. Without that mechanism, many creditworthy taxpayers will be left with no access.

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Government Shutdown Delays Medical Supplier’s Bankruptcy Exit

10/08/13

Blaming the government shutdown, lawyers for the Centers for Medicare and Medicaid Services persuaded a bankruptcy judge on Monday to delay a court hearing that could have allowed a California medical supplier to get out of Chapter 11 protection.

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Most Politically Tone-Deaf Statement of the Year?

10/08/13

I'm quite sure China's plea to “ensure the safety of the Chinese investments” will bring certain members of of the House to their senses. 

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