Bankruptcy Blogs

This week on The Broke and the Beautiful, Alex Rodriguez’s troubles pushed the producer of a new cartoon into bankruptcy. Also, Warren Sapp’s shoes were finally sold and the former Versace mansion is about to hit the auction block.

The law's biggest mistake was failing to consolidate financial regulators, Editor-At-Large Barbara A. Rehm says, but there are plenty of other shortcomings as well.

Receiving Wide Coverage ...

JPM Ditches School: JPMorgan Chase is dropping out of the student loan business. The Journal calls the exit "the latest development in a larger push by JPMorgan to exit businesses it no longer dominates." The government, of course, is the dominant lender in this space, accounting for over 85% of the market. Wells Fargo now stands as the only big bank still making student loans, though Discover Financial Services has widened its...

Or bank holding companies, to be precise, over at Dealb%k.