Bankruptcy Blogs

TARP Watchdog Issues Report on GM Decision to Top Up Delphi Pensions

08/15/13
David Goldman/Associated Press

A new report by special inspector general for the Troubled Asset Relief Program, Christy Romero, takes a look at the U.S.

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The Death of the Traditional Community Bank

08/15/13

Community banks need help. Bigger banks can provide them a lifeline. But it comes with a cost: the loss of bankers who understand the local community.

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Louisiana Explosives Deactivator Files for Bankruptcy

08/15/13

After an explosion, an evacuation of a small Louisiana town and a threatened eviction, military explosives-disassembler Explo Systems Inc. has filed for bankruptcy protection.

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Seizing Underwater Mortgages: An Idea That's All Wet

08/15/13

The latest municipal attempt to seize underwater mortgages by eminent domain is an abuse of this most awesome governmental power.

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Holdout Banks Cling to Debt-Trap Loans

08/15/13

A response to Bill Isaac's Aug. 13 post, "Why Payday Loans are Good for Millions of People."

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The Daily Docket: Lawsuit Adds Uncertainty to AMR Plan

08/15/13

AMR Corp. is set to move ahead with a Thursday court hearing on a bankruptcy-exit plan based on its merger with U.S. Airways Group Inc., but the Justice Department’s antitrust lawsuit to block the tie-up adds great uncertainty to AMR’s Chapter 11 restructuring.

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London 'Whale' Loomed Large in Trading Probe But Escaped Charges

08/15/13

Receiving Wide Coverage ...

It's Official: In a widely expected announcement, prosecutors formally charged Javier Martin-Artajo and Julien Grout for their actions to allegedly try to hide JPMorgan Chase losses stemming from the disastrous "London Whale" trades last year. But in addition to the straight news reporting by the Journal, Times, FT and Washington Post, three of the papers also dug into the details around how Bruno Iksil — the London Whale himself — avoided prosecution...

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The Intriguing Implications of the Fed Chair Battle

08/14/13

The Summers vs. Yellen scrum is a fascinating nomination contest, and not just for the obvious reasons.

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Why Is the Fed Chairman a Bank Regulator (or an Economist)?

08/14/13

The NY Times has a pretty significant error in its reporting on the Summers vs. Yellen Fed Chair race. It says that Yellen was the head of the Federal Reserve Bank of San Francisco, which was Countrywide's regulator. That's wrong. FRBSF was never Countrywide's primary regulator. That was the OCC and then OTS.

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A New Wave of Fair-Lending Activism

08/14/13

The Occupy Wall Street protests a few years ago set the stage for the coming return of fair-lending gadflies like the "mother of CRA," Gale Cincotta.

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