News Topic: CreditSlips

... Read full article

Prospects do not look good for President Obama’s vastly ambitious initiative  (not yet really a plan) to take on growing college debt. ... Read full article

Even the President has now weighed in about the cost of legal education, thus elevating the profile of the debate about the "dual crises" of legal education:  costs and job placement. ... Read full article

With about 30 seconds of wi-fi, here are my two cents on top of Mark's and Stephen's . This feels weirdly like a pox-on-all-your-houses decision. ... Read full article

Steve raises a good point . Contract interpretation is typically a matter of state, not federal, law although this primarily means that state law (1) assigns a default meaning to contract language and (2) supplies rules for courts to apply in determining ... Read full article

The opinion is out, and I'm happy to be asked back to Credit Slips to talk about it. The Second Circuit affirmed the injunction against Argentina... full stop. No changes to the list of third parties potentially subject to contempt sanctions, no ... Read full article

No its not a existential question, but rather a question for our two experts on sovereign debt (I'm not one of them). ... Read full article

Some thoughts on the Detroit situation, addressing many of the points Adam raised last night , but from a slightly different perspective, up over at Dealb%k . ... Read full article

I wonder if this is how late night comedians feel about Anthony Weiner . He is, surely, the biggest gift that keeps on giving to their profession. On the other hand, it is summer, a time to relax and tell some knock-knock jokes ... but some people just ... Read full article

I have a piece on Salon about whether creditors should be able to force the liquidation of the Detroit Institute of Arts collection.  The DIA collection is apparently municipal property, although the DIA is an independent non-profit entity that basically ... Read full article

So today is Kodak's confirmation hearing, and when the plan is confirmed, as I expect it will be, Kodak will continue to exist, but it will no longer be a film company. That will take some getting used to. ... Read full article

Carter Dougherty added last week to the many recent articles ( here and here ) on regulators who are cracking down on internet lending, both state and federal. First, the Justice Depart ... Read full article

... Read full article

The NY Times has a pretty significant error in its reporting on the Summers vs. Yellen Fed Chair race. It says that Yellen was the head of the Federal Reserve Bank of San Francisco, which was Countrywide's regulator. That's wrong. FRBSF was ... Read full article

... Read full article

Again, this is me posting on Adam Levitin's behalf because he is away from Internet access as he owns an Apple computer (often a redundant statement). Adam writes: R. Glenn Hubbard and Tim Kane have an op-Ed in the NYTimes proposing a federal ... Read full article

This may be my byline, but I am posting for Adam Levitin. He is not in his office, and his Apple device is not being cooperative with our blog hosting service. He asked me to post for him, apparently unaware that meant that I would also get to take cheap ... Read full article

Given the many ways in which payday lenders have been able to transform themselves   into title lenders and installment lenders, and to otherwise avoid state law,  l try not to get too optimistic that high-cost lending practices  will be curbed. ... Read full article