Bankruptcy Blogs

Talk of an FHA Bailout; FERC Zaps JPM; 'Damning' MF Global Report

11/15/12

Receiving Wide Coverage ... The Next Bailout? The Journal and the Times report today that the Federal Housing Administration's annual report, due later this week, will show that its financial condition has worsened considerably. The Journal story prominently suggests the agency may need to draw on taxpayer funds, a prospect downplayed somewhat in the Times article. If you're feeling déjà vu, it may be because on Tuesday American Banker's Kate Berry reported that the FHA was...

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How Central Banks Can Succeed as Systemic Risk Regulators

11/15/12

Central banks are operating under an additional mandate beyond that of setting monetary policy: to regulate the largest, systemically important institutions. Here are five principles for doing that job well.

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BofA v. MBIA and the Future of Private Label Securitization

11/14/12

There's a fascinating and absolutely cut-throat fight going on between BofA and MBIA. There's been some good media coverage of how a litigation fight over MBS fraud has spilled over into a really nasty corporate finance battle. I think it shows yet another danger of too-big-to-fail firms:  they can adopt litigation tactics that others simply can't in order to avoid liability.

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Chapter 13 Bankruptcy: Not As Big A Pain As You May Have Heard

11/14/12

Despite What You May Have Heard, Chapter 13 Has Advantages… Most people don’t want to file for bankruptcy at all, but if pressed, will choose chapter 7 over chapter 13 every time. After all, who wants to be in bankruptcy for 3-5 years? At first blush, it certainly sounds like a raw deal. Lori Patton [...]

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How to Fight the New Wave of Mortgage Fraud

11/14/12

Fraudsters are increasingly preying on the default servicing end of the mortgage lifecycle, where traditional detection methods have not been deployed. Fortunately, there are new ways to spot red flags.

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Credit Card Swipe Fee Reform Is Overdue

11/14/12

The Durbin Amendment has made debit card transactions more transparent, increased marketplace competitiveness and reduced prices. Now Congress needs to focus on credit cards.

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Warring AMF Attorneys Ally Over Bowling Alley Love

11/14/12
Everett Collection

AMF Bowling Worldwide Inc. and its unhappy junior lenders may differ on the path of the bowling alley operator’s restructuring, but they share a love of the game.

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The Daily Docket: Overseas Shipholding Files for Bankruptcy

11/14/12

Overseas Shipholding Group Inc. filed for Chapter 11 bankruptcy protection as the tanker company looks to significantly reduce its debt burden. Read the article in Daily Bankruptcy Review.

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Money Market Debate Drags On; Blankfein Speech as a Game of Telephone

11/14/12

Receiving Wide Coverage ...

Money Market Funds Redux: Take 2 on money market funds is coming from the Financial Stability Oversight Council. The SEC couldn't get its act together on regulating money market funds — which have a longstanding tradition of telling investors they have a fixed value even though they kinda don't — so FSOC's stepping in. The council has told the SEC to pick the issue up again, though it's not being didactic. The...

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