Bankruptcy Blogs

New Year’s Resolution Undoings, on the House

01/20/12

By Joseph Checkler and Rachel Feintzeig

Associated Press

Ready to break your 2012 resolutions? Friendly’s and American Airlines can help.

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The Broke and the Beautiful: Save the Twinkie! Edition

01/20/12

This week on The Broke and the Beautiful, Wendy Williams does her part to keep Twinkies alive, and boy-band mogul Lou Pearlman’s trustee must be feeling larger than life. Also this week, Jefferson, County, Ala., scores a run against J.P. Morgan Chase & Co. on its dealings with Houston Astros owner Jim Crane.

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Houston Astros Owner Mucked Up in JeffCo Bankruptcy

01/20/12
Associated Press
Jim Crane

Stuck at the unfortunate end of the debt-clogged sewer system of Jefferson County, Ala., you’ll find Houston Astros owner Jim Crane.

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Dodd-Frank Immune to Rollback in an Election Year

01/20/12

The Cordray appointment may make bank compliance issues a focus of this year's presidential campaign. Bankers should not think of this potential outcome as good news.

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The Daily Docket: Kodak Can Borrow on Loan

01/20/12

A judge on Thursday said Eastman Kodak Co. could begin borrowing on a $950 million loan from Citigroup Inc., which the iconic photography company hopes will keep it afloat as it restructures itself during Chapter 11 bankruptcy. Read the Daily Bankruptcy Review article here.

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Bank Risk Management Can Require Counterintuitive Thinking

01/20/12

Frivolously adding armor to combat planes makes the aircraft difficult to control and less effective. Weighting down banks with ill-conceived risk mitigation strategies and regulations serves the interests of neither individual banks nor the banking system as a whole.

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The Riskiest Careers in Financial Services, Finally Rewarded

01/19/12

A Chief Risk Officer can now have significant stature and sway. But that new prominence gives shareholders, regulators, and the media an easy target for ridicule after a corporate stumble.

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Payday Loans are First Target of New Consumer Protection Chief

01/19/12

Richard Cordray’s first CFPB hearing will be held today and will focus on the practices of payday lenders. Seventeen states and the District of Columbia already outlaw payday loans, but in all of the others, lenders can and do charge 400% interest or more, on loans against consumers' next paycheck.

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