CreditSlips

The Rigged Game of Private Equity

11/15/19
The Stop Wall Street Looting Act introduced by Senator Warren has the private equity industry's hackles up.
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Private Equity’s Chicken Little Dance

11/14/19
The private equity industry is lashing out at Senator Warren’s Stop Wall Street Looting Act with some pretty outlandish claims that rise to Chicken Little level.
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Bankruptcy Filing Rate Remains Flat

11/14/19

Annual Filings Oct 2019Every month I see stories about the bankruptcy rate moving up and down. The truth is that the U.S.

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Call for Papers -- 2020 Boulder Conference on Consumer Financial Decision Making

11/14/19

The inimitable John Lynch emailed to let me know that the call for papers is open for the 2020 Boulder Conference on Consumer Financial Decision Making, to be held from May 17-19, 2020. Much more information, including how to submit an abstract for consideration, appears on their web site.

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What a Local Traffic Snafu Teaches About Artificial Intelligence in Underwriting

11/13/19

The DC suburbs are a case study in NIMBYism. Lots of communities try to limit through-traffic via all sorts of means:  speed bumps, one-way streets, speed cameras, red-light cameras, etc.  The interaction of one of these NIMBYist devices with GPS systems is a great lesson about the perils of artificial intelligence and machine learning in all sorts of contexts.  Bear with the local details because I think there's a really valuable lesson here.

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Coercive "Consent" to Paperless Statements

11/12/19

If you've logged on to any sort of on-line financial account in the past few years, there's a very good chance that you've been asked to consent to receive your periodic statements electronically, rather than on paper. Financial institutions often pitch this to consumers as a matter of being eco-friendly (less paper, less transportation) or of convenience (for what Millennial wants to deal with paper other than hipsters with their Moleskines).

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Bankruptcy Future Claims—Elizabeth Warren Edition

11/07/19

Welcome to Credit Slips, the rarified world of “self-described bankruptcy nerds.” Today we’re looking at Future Claims—Elizabeth Warren Edition.

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Purdue Pharma Examiner?

11/07/19

The US Trustee should move for the appointment of an examiner in Purdue Pharma's bankruptcy. That's what Jonathan Lipson, Stephen Lubben, and I wrote in a letter to the US Trustee for Region 2 this week.

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Imagine Riding the Ceteris Pari-bus into the Sunset ... in Argentina

11/05/19

Imagine sovereign debt without Argentina -- no Paris Club, no pari passu, no CACs, no SDRM ... even sovereign immunity might look totally different.

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