Bankruptcy Blogs

The Daily Docket: Apollo, Metropoulos May Make Hostess Cakes Bid

01/23/13
Reuters

A team of private-equity firms, Apollo Global Management LLC and C.

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How the Qualified Mortgage Rule Harms Rural Borrowers

01/23/13

It seems clear that the Consumer Financial Protection Bureau believes balloon mortgages are not abusive or predatory. Why, then, does the rule so restrict their use?

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Bankers in Davos; Deutsche Bank Settles with FERC; Why Firms Keep 'Foreign' Cash in U.S. Bank Accounts

01/23/13

Receiving Wide Coverage ...

Highlights from Davos: The World Economic Forum just began in Davos, Switzerland, but has already produced plenty of interesting news for bankers. According to the FT, preliminary buzz around the event is that arriving executives "are plagued with concerns about growth, restive shareholders and declining margins." The article goes on to note that Goldman Sachs CEO Lloyd Blankfein is attending the event for the first time since 2008, though it's unclear how...

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Second Mortgages In Chapter 13 – A Battle Of The Experts

01/23/13

Post image for Second Mortgages In Chapter 13 – A Battle Of The Experts

You can get rid of a second mortgage in a Chapter 13 bankruptcy, but beware the opposing expert.

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Bip . . . Bip . . . Bip . . . "Pong" Creator Atari Files for Chapter 11

01/22/13

Atari, Inc., the creator of the primordial video game “Pong”, filed for Chapter 11 yesterday in the U.S.

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'Frontline' Learns Firsthand Why Wall Street Is 'Untouchable'

01/22/13

Why haven't any senior Wall Street executives gone to jail for the financial crisis? PBS' "Frontline" is the latest mass media outlet to ask this increasingly unanswerable question.

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The Daily Docket: Atari Enters Bankruptcy

01/22/13
Reuters
The Atari booth is pictured during E3, the Electronic Entertainment Expo, in Los Angeles in this June 8, 2011, file photo.

Atari Inc., the New York

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Stress Tests? Baloney

01/22/13

If you want to avoid catastrophic outcomes, don't rely on stress test models with hundreds of variables. Focus on finding the small number of factors that could individually precipitate failure.

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Bank of Japan Makes Monetary Regime Change, More Bad News for Barclays

01/22/13

Receiving Wide Coverage ... Bank of Japan Fights Deflation: The Bank of Japan took steps toward a "monetary regime change" this Monday, announcing plans "to enact an ambitious program of further monetary easing" and raise its inflation target to 2%. The plan is intended to end "years of corrosive deflation" and was enacted under pressure from Japan's new Prime Minister Shinzo Abe. It involves (and this will sound familiar) "open-ended" asset purchases and a near-zero interest...

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