Bankruptcy Blogs

Alas, we must slog through another month to find out how it ends. The NML v. Argentina argument in the Second Circuit was postponed at the eleventh hour. In other news, one of the panel members recused himself, also at the eleventh hour.

During last week's Senate Banking Committee hearing with JPMorgan Chase CEO Jamie Dimon, frequent reference was made to "risk," a word which was, and should still be, anathema in banking, for bankers do not take risks; they only underwrite risks.

Relief from fair value accounting is essential for community banks to survive and ultimately thrive in today's economic climate. Fortunately, legislation before Congress would untether regulatory accounting practices from GAAP.

A judge on Monday granted the wish of Warren Buffett’s Berkshire Hathaway Inc.

Among other things, House lawmakers shouldn't tell Jamie Dimon how awesome he is (he already knows) and shouldn't suggest over-regulation caused the $2 billion-plus loss at the bank. To find out the worst thing they could do, however, read on.