Form and Substance Eupdate
After a month spent reeling from DSK whiplash , Eupdate finds the European landscape little-changed, much noise notwithstanding . ... Read full article
News Topic: Sovereign Debt
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Vive l'extension et la prétention!
Who said that the US had a monopoly on extend and pretend? The French are showing that they know that move and that they can do it with panache. The French have graciously announce d that their banks have agreed to reinvest about 50% (~.7*.67) of their ... Read full article
Vallejo's Chapter 9 plan
The City of Vallejo has filed its Disclosure Statement and plan in its Chapter 9 bankruptcy case. The plan proposes paying general unsecured creditors, mostly employees and retirees, about 5 cents on the dollar from a $6 million fund, an amount roughly ... Read full article
Open Mouth, Insert Foot
Japan's debt got downgraded by S&P because it doesn't believe that the Japanese government is serious about taking measures to cut its deficit. And here's what the Japanese Prime Minister Naota Kan had to say , “I just heard that news. ... Read full article