Bankruptcy Blogs

Dodd-Frank Demands a Broader View of Compensation

05/22/12

Dodd-Frank extends oversight of compensation at large banks to anyone paid an incentive for performance. That's not just the top five or 100 executives, but more likely around 25,000 employees.

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Madoff and Trustee Incentives

05/22/12

We've been pretty quiet about Madoff on this blog, so I think it's time for a few words on the matter. I want to quickly recap two critical decisions in the case and then raise the issue of the alignment of incentives between the trustee and the Madoff victims.

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Negotiate With a Chapter 7 Trustee, Not The Credit Card Company

05/22/12

So you have some excess equity in your car of some other assets, but you cannot afford a Chapter 13 repayment plan and your income is under the median income for your family size. You still need a bankruptcy discharge to get a fresh start and begin rebuilding your credit. What should you do? In [...]

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Zoo: Garden Fest Tweet-Up

05/22/12

Zookeeper Kelli balances a female New Guinea stick insect while pointing out the males on display.

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The Daily Docket: Bankruptcy Claims Trading Slows

05/22/12

Distressed investors last month bought up the smallest amount of debt from ongoing bankruptcies in more than a year, new data show. Read the Daily Bankruptcy Review article here.

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Impose Position Limits on Jamie Dimon

05/22/12

Long-Term Capital Management and AIG owned the markets that did them in. Who besides Jamie will sign for the proposition that JPMorgan Chase actually has a "fortress balance sheet"?

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U.S. Bank's Overdraft Fee Hike: Unfair, But Not Deceptive

05/22/12

The announcement is surprising as it follows so soon after hefty penalties were assessed against many other banks for their overdraft programs.

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Save the American Community Survey

05/21/12

The Credit Slips blog always has tried to offer perspectives from many different social sciences. That is why many readers may be distressed to learn of the attack on the American Community Survey (ACS). If you do not do a lot of social science work, you may not be familiar with the ACS. It is an arm of the Census Bureau that provides all sorts of information about what is happening in the United States.

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First Lesson from JPM Debacle: Keep Board Focus Tight

05/21/12

The JPM unpleasantness reinforces the hard lessons of the financial crisis, which are that a sound financial system depends on targeted regulation, "fortress" balance sheets and rigorous governance.

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