Bankruptcy Blogs

Credit Bureaus Should Be Regulated Like Utilities

06/15/12

We need a system in which credit bureaus are required to sell consumer data at a uniform price to any company with permission to access it, instead of pricing out perceived competitive threats or withholding the information.

[more]

GM, Chrysler and Ideologically Selective Bankruptcy Formalism

06/14/12

James Sherk and Todd Zywicki have an op-ed in the Wall Street Journal that kvetches about the unfairness of the Chrysler and GM bankruptcies.  As one might expect, their complaint centers upon the contention that the senior lienholders in Chrysler get 29 cents on the dollar, while the UAW VEBA received a superior treatment despite holding a general unsecured claim.

[more]

Lawmakers Need to Cut Regulators Some Slack on Dodd-Frank Implementation

06/14/12

The constant criticism from Congress just makes the rulemaking process longer without adding much to the debate.

[more]

Want To Make Risky Trades with No Brakes? Go To London

06/14/12

We need stronger cross-border regulatory enforcement to spot U.S firms going to London for looser rules. Guess what MF Global, Lehman, AIG and the London Whale have in common.

[more]

Banks Need Better Risk Management, Not More Regulation

06/14/12

The Dimon Senate hearing was a missed opportunity to spotlight the criticality of risk management practices. When banks get into trouble, you can follow the trail back to a lack of governance, process and controls.

[more]