Bankruptcy Blogs

More Subsidies for Housing? Sounds Like a Hair-of-the-Dog Cure

02/14/12

This hangover has thus far been nursed with more of the same cheap money and lavish subsidies on which the housing market previously binged.

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Revisiting Lehman

02/14/12

For reasons that I don't quite understand, Krugman has gone all upside Taylor based on a two year old post from Economics of Contempt, and

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Banks May Need to Invite in Mortgage Abuse Task Force

02/14/12

Rather than wait for government or plaintiff lawyers to find them, banks that were involved in the syndication of mortgage backed securities should control their exposure through a proactive, rigorous self-study program.

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The Daily Docket: Teamsters Threaten Strike in Hostess Case

02/14/12

The Teamsters Union said Monday that its members will strike if a judge clears Hostess Brands Inc. to implement new collective-bargaining agreements—replete with fresh cuts to wages and benefits. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Austerity Hits Greece

02/13/12

The latest EU bailout installment for Greece requires tough austerity measures. Among the most devastating is the prohibition on the use of Corinthian and Ionic columns. Henceforth, only Doric columns may be utilized. This measure was a compromise among creditor consitiuencies, as Germany had previously demanded that the Greeks be limited to Bauhaus design.

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Dividing the Mortgage Settlement Dollars

02/13/12

Details are still forthcoming about the settlement between the federal government and attorneys general and the five largest servicing banks but one interesting twist that is already emerging is how the dollars are being divvied up and distributed. The total number touted, $25 billion, includes both dollars paid in cold cash to the states,  dollars paid in cold cash to wronged consumers, and "credit" for reducing principal or refinancing.

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