CreditSlips

Stripping PDVSA's Assets

02/18/17

This is a joint post by Mark Weidemaier and Mitu Gulati

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Jeb Hensarling's Alternative Facts

02/15/17
House Financial Services Committee Chairman Jeb Hensarling (R-Texas 5th) has an alternative fact problem. In a Wall Street Journal op-ed Hensarling alleged that "Since the CFPB’s advent, the number of banks offering free checking has drastically declined, while many bank fees have increased.
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What Would a CFPB Commission Have Done Differently?

02/14/17

Here’s the question CFPB commission proponents need to be able to answer convincingly:  what would the CFPB have done differently over the past five and a half years if it had been a commission, rather than a single director?  What supposed overreach would not have occurred?  

So, CFPB commission proponents, here's your chance. Comments are open.

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Mr. Regling's "Alternative Facts" About the Greek Debt

02/13/17

(This is a joint post by Mark Weidemaier and Mitu Gulati.)

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Veil Piercing When a Sovereign Owns the Shares; Venezuela Edition

02/05/17

This is a joint post by Mark Weidemaier and Mitu Gulati.

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More Evidence that a For-Cause Removal of CFPB Director Corday Would Be Pretextual

02/03/17

If Trump is planning on attempting to remove CFPB Director Richard Cordray "for cause" he's hardly going about it in a smart way.  The Trump administration keeps generating more and more evidence that any for-cause removal would be purely pretextual, which strengthens Corday's hand were he to litigate the removal order (as he surely would).  

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Dodd-Frank: Executive Order O'Rama

02/03/17

The new Executive Order is out. At heart, it says nothing. The press will probably make it into a big deal. 

Update:  I should clarify that I have no doubt the administration plans to gut Dodd-Frank. The order simply says "we plan to gut Dodd-Frank," and thus I don't find it particularly interesting.

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Dodd-Frank and the New Order

02/03/17

Apparently just in time for another missive from the White House – and a bit of a tantrum from the House – I've got a new Dealbook up where I suggest that Orderly Liquidation Authority and title II might be a first target.

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What to Expect From Justice-To-Be Gorsuch on Bankruptcy

02/01/17

When I heard that the President had nominated 10th Circuit Judge Neil Gorsuch for the Supreme Court, I wondered what his bankruptcy-related opinions might tell us about him.

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What's Wrong with the Bankruptcy Courts?

01/27/17

The Judiciary Data and Analysis Office of the Administrative Office of the US Courts has launched a new feature called "Just the Facts," highlighting statistical trends in the US judiciary. Table 2 and Chart 3 of the inaugural report reflect a curious spike in the appellate reversal rate in bankruptcy cases in 2015.

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