News Topic: CreditSlips

Although I keep swearing off the topic, I've written something about chapter 11 professional fees.  Again.   Over at Dealb%k . ... Read full article

The Wall Street Journal ran a story today about H. Rodgin Cohen, the Senior Chairman of Sullivan & Cromwell and "one of Wall Street's top lawyers" decrying "the myth of regulatory capture." All I can say is wow. That's ... Read full article

If you have kids who talk as much as mine (gee, wonder where they picked up loquacity as a trait), conversations can go nearly anywhere. My boys, ages 9 and 6, are quite interested in money lately, a phenomenon driven in part by the tooth fairy and their ... Read full article

I'm testifying before the House Financial Services Committee on Wednesday at a hearing entitled " Preserving Consumer Choice and Financial Independence ." I'm the only non-industry witness (no surprise there). ... Read full article

The IMF has approved a new 4-year $17.5 billion  program for Ukraine, with an immediate disbursement of $5 billion. This is a big economic, institutional, and geopolitical deal. ... Read full article

Big day in sovereign debt. ... Read full article

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Warning: Grumpy Alert. I am grumpy because the ABI Commission’s recent report rejected any reform of the bizarre American approach to executory contracts, which requires a quality of “executoriness” in a contract before it can be assumed or rejected. ... Read full article

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The Archdiocese of Milwaukee’s Chapter 11 case remains the longest running Chapter 11 case filed by an Archdiocese or other Catholic entity. It filed in January 2011, and because of religious-based objections to the application of the Code's ... Read full article

A comic strip for the Credit Slips  crowd from Stephan Pastis: Pearls Before Swine Comic Strip, March 06, 2015 on GoComics.com . ... Read full article

With my attention drawn to other matters, my personal blogging has been light for the past month. One of the things that had my attention was the  Caulkett  case currently pending before the Supreme Court. The issue in  Caulkett  is whether a wholly ... Read full article

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I am so pleased to offer the following post by Carolina Reid , a premier housing researcher at UC Berkeley, about her excellent study of how mortgage servicers matter in creating home-saving opportunities. Welcome Carolina to Credit Slips . ... Read full article

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I'm thrilled that Jay Westbrook has finally come into blogosphere with his posts on Single-Point-of-Entry .  I've blogged a little on SPOE already , but I want to highlight what I still think are two critical problems with SPOE. ... Read full article

Senator Elizabeth Warren surprised a lot of people by l aying into Federal Reserve Board Chair Janet Yellen as hard as she ever laid into Timothy Geithner . I think this was a really important exchange. But its easy to miss exactly what's being ... Read full article

In an earlier post I described the FDIC’s proposed SPOE approach to resolution of SIFI banks and other financial institutions under Title II of Dodd-Frank. That post discussed two of the three components of SPOE: control of the process by the regulator ... Read full article