Bankruptcy Blogs

What's So Hard About Winding Down Fannie and Freddie?

03/06/12

We don't understand all the angst. The public/private hybrid of Fannie and Freddie should be abolished, their existing business sold or liquidated, and the mortgage market privatized.

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FHFA, Freddie and Fannie Deaf to Reason on Foreclosures

03/06/12

Executives at the "three F's" are now hunkered down in the trenches, hands clamped over ears, waiting for the shelling to stop and the criticism to abate.

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Government Squares Off With Farkas Over Rare Car

03/06/12
Bloomberg News
Lee Farkas is imprisoned at the Butner Federal Correctional Complex in Butner, N.C.

Once the train of forfeiture is chugging down the track

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How to Wean Consumers from Cash to Debit Cards

03/06/12

They won't go cold turkey. Surprisingly, the more purchases consumers pay for with debit, the more cash they withdraw. Use ATM screens to get the word out about debit's benefits.

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Is MF Global a Deadbeat Dad?

03/06/12
Reuters

Just what kind of parent is MF Global Holdings Ltd.? To one customer in the commodities firm’s bankruptcy case, the answer is essentially “deadbeat.”

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Lehman's Plan Goes Effective

03/06/12

Leaving one third of the historically significant insolvency case complete-ish (I count London and SIPA as the other bits).

Download The Notice

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CFPB to Share Information with Attorneys General

03/06/12

Carter Dougherty of Bloomberg reports this morning that  the Consumer Financial Protection Bureau is entering into an  information-sharing agreement with state attorneys general, that will help states enforce consumer protection laws.

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The Daily Docket: JeffCo Can Continue Chapter 9

03/06/12

A Birmingham, Ala., judge ruled that Jefferson County can move forward with its Chapter 9 bankruptcy case—the largest municipal case in U.S. history—against the efforts of big Wall Street banks that argued that it should be thrown out because of fine print in Alabama state law. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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