Bankruptcy Blogs

Where Was Auditor PwC When Its Client Barclays Gamed Libor?

07/06/12

PricewaterhouseCoopers failed to warn shareholders and the public about increased risk at Barclays. The auditor gave the British bank a clean report card on internal controls over financial reporting. We now know those controls were seriously deficient.

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The Broke and the Beautiful: Hot Edition

07/06/12

This week on The Broke and the Beautiful, the trustee for Scott Rothstein’s law firm makes a slam dunk with a Miami Heat settlement, and college football coach John L. Smith may enter bankruptcy. Also, Thomas Kinkade’s wills won’t be in the dark.

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Volcker vs. Dimon: Who Do You Trust on Systemic Risk?

07/06/12

Even if we could trust megabanks to behave, there may be too much at stake to let systemically risky institutions live by self-imposed principles rather than hard and fast rules.

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The Daily Docket: Dynegy Inc. Enters Bankruptcy

07/06/12
Bloomberg News
Electrical components stand outside the natural gas fired 1200-megawatt Kendall Energy power plant, owned by Dynegy Inc., in Minooka, Ill.

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GSE Debates Show How Little We've Learned

07/05/12

There are legitimate reasons to want to wind down Fannie Mae and Freddie Mac. Unfortunately, we haven't stopped talking about the specious ones.

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Zoo: Reptile Walk Opening Day

07/05/12

The signage for the San Diego Zoo’s newly opened Reptile Walk.

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Our Early Warning System for Financial Crises Is at Risk

07/05/12

The Office of Financial Research is not yet fully operational. Critics on the Hill want to gut the agency. Its forthcoming annual report presents a chance to win over lawmakers.

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