Bankruptcy Blogs

Risk Management Lessons from the Cockpit to the Trading Floor

09/03/12

Perhaps, given the wild ride of the past decade, banking can learn something from aviation, an industry that has posted an impressive and improving safety record over a similar time span.

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EU Update (And FI Reality)

09/02/12

If you've been tuning out the Euro situation, despite Gelpern's periodic updates, today's Times magazine has a since summary of where things stand.

I also think the end of this bit nicely captures the extant cynicism regarding financial institutions.

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Consumer Bankruptcy Fee Study

09/01/12

I have just finished reading Lois Lupica’s paper on her impressive
consumer bankruptcy fee study. 
This is a model of what empirical, law-and-society research should be –
it combines data from electronic court records with focus groups and key player
interviews to give a textured understanding of the role lawyer’s fees play in
this particular legal system. 

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National Mortgage Servicing Settlement Progress Report: Little to Show (And Little Expected)

08/31/12

The official monitor for the mortgage servicing fraud settlement has put out a progress report on settlement implementation.  It's a preliminary report that is not required of the monitor, so I don't want to be too critical, but I hope future reports are more informative.  Most of the report consists of summarizing the settlement.  There is a lot of data, but almost no analysis.

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Why Housing?

08/31/12

Susan Wachter and I have a new paper out, entitled Why Housing?  The paper is a critical review of scholarly theories of the housing bubble.  It focuses on the question of what made housing vulnerable to a bubble and why it has been so hard to resuscitate the market.  

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Bankruptcy Beat Snapshot: Gerard Uzzi

08/31/12

The last bridge Gerard Uzzi inspected was the Queensboro, a 103-year old behemoth spanning the East River.

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