Much is being made of American Airlines' "bold" decision to avoid hedging its fuel costs . I fully believe that corporations engage in way too much hedging, mostly to the benefit of big financial institutions. But let's be clear, a ... Read full article
Susan Wachter and I have a new (short!) paper up on SSRN. It's called Second-Liens and the Leverage Option , and is about the curious absence of negative pledge clauses in US home mortgages, which enabled enormous amounts of second-lien leverage ... Read full article
I'm totally with this guy – Hershey's move to keep British Cadbury's products out of the US is un-American. Anyone who has tasted the British version of Cadbury's knows that it's a far superior product. ... Read full article
As Germany vs. Greece , and Germany vs. the EU Southern and Western edges , heats up yet again, some important historical context, over at Spiegel. ... Read full article
We want to thank Professor Matthew Bruckner of Howard University for hanging out at Credit Slips for a while. We appreciate him sharing his thoughts on some of the finance issues facing legal education and issues surrounding student debt. ... Read full article
In preparation for some upcoming projects with sociologists, including my new collaborator Rob Mayer (Utah) and on another project, Alan Burton (UNM Sociology professors and UNM law student), I am beefing up on my sociology research. Alan directed me to a ... Read full article
Those fascinated by the logic and limits of the Bankruptcy Clause, Article III courts, and bankruptcy courts power will want to check out the most recent issue of the Amercan Bankruptcy Law Journal (vol. 88, no. 4): ... Read full article
For those of you who are not familiar with my scholarship, I am fairly conservative in my approach, and I strive to remain objective in my analysis and balanced in my proposals. I believe that most companies try to get it right, I respect markets, and I ... Read full article
Some thoughts on the recent spate of retail bankruptcies, over at DealB%k . ... Read full article
We are happy to welcome back Professor Michelle Harner of the University of Maryland and the reporter for the American Bankruptcy Institute's Commission to Study the Reform of Chapter 11. Harner has kindly offered to blog on her perspectives on the ... Read full article
There've been a bunch of post-mortems of the Antonio Weiss nomination in the press the last few days (see, e.g., here , here , and here ). ... Read full article
