Bankruptcy Blogs

Team Tim v. Team Neal on the Financial Crisis

07/26/12

Matthew Yglesias has a fantastic piece about the Barofsky-Geithner proxy debate on the financial crisis.  Read it here.

The only thing I would add is to note how this same debate continued through the mortgage servicing scandal and the debate over the CFPB. 

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Why Lift Lending Cap? Credit Unions Can Skirt It Anyway

07/26/12

Navy Federal's strategy gives everyone else in the industry yet another way to get around the cap. Puzzlingly, some credit unions relentlessly press for legislation.

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Why Reinvent the Wheel to Comply with New Derivative Rules?

07/26/12

For many, it is more beneficial to take advantage of mechanisms that are integral to the fabric of the company and of the financial ecosystem, as a way to achieve compliance and maximize investments in current foundations.

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That's Like Victor Frankenstein Saying, 'A Monster Was Created,' Sandy

07/26/12

Receiving Wide Coverage ... Weill's Bombshell: "I am suggesting that [large, diversified financial companies] be broken up so that the taxpayer will never be at risk, the depositors won't be at risk." That is what Sandy Weill, the man who assembled the quintessential Frankenbank, said on CNBC Wednesday morning, causing finance and media professionals around the world to gasp, spit out their coffee, and/or utter things like "whoa" or "holy mackerel" or other, unprintable expressions. And...

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The Daily Docket: US Airways CEO Skeptical of AMR Merger Exploration

07/26/12

The head of US Airways Group Inc. on Wednesday expressed reservations about the strategic review being conducted by AMR Corp. and said he could go directly to its rival’s creditors in a bid to cement a merger. Read the Daily Bankruptcy Review article here.

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How Many Bankers Does it Take to Send a Tweet?

07/25/12

A BankThink post on the snail's pace of payments sparks a discussion of how red tape stops financial institutions from leveraging social media. Have banks hit a social media stalemate?

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Mr. Weill, Your ICBA Membership Card Is Ready

07/25/12

Sandy Weill's call to break up big banks invoked the Main Street bankers who have blasted Wall Street fat cats like him for years. What next for him - a director post at a small bank in Peoria?

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Ex-Kodak Employees Blast Bonus Plan

07/25/12
Associated Press/DAPD

Former Kodak employees who fear for their pensions and other benefits are urging a bankruptcy judge to think of them and not rubber-stamp $8.8 million in executive

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Geithner on Financial Crimes: The Dog Ate My Homework

07/25/12

If I rob a federally insured bank and make off with $20,000, I'm facing years of federal prison time. If I defraud federal insurance programs, be they FHA or Medicaid, I'm also facing years of prison. If I engage in insider trading, I could also be looking at prison time (although that's pretty rare).

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