bankruptcy

Here's a thought regarding the European liquidity scheme. My understanding is that the ECB is legally prohibited from 'monetizing' Eurozone debt by buying it directly at auction. Therefore, in instituting the nuclear option of buying up…

If you would like to receive our links in real-time please follow me at @edwardnh or go to our site’s News Feed. FT.com - Uncovering the true level of US and UK public pension liabilities Tattling for Dollars: The Ranks of IRS Tax…

Within the euro-zone, Portugal comes in at #6. Spain and Ireland are not in the top ten. Source: CMA Sovereign Risk Monitor

David Rosenberg is sick and tired of what I call the all bailouts all the time mentality. He writes in today's Breakfast with Dave piece: Ban the Bailout First we have governments bailing out banks (and auto companies and mortgage…

Q: Will Greece default? Here are the possible answers for the poll (embedded below on the site)? No, they will take the necessary austerity measures plus receive enough support from the EU and IMF. Yes, but they will stay in the…

This past weekend, German and French government officials took a hard line on aid to Greece, sending 10-year Greek bond yields to 12-year highs above 9%.  According to the Wall Street Journal,the spread in yields between 10-year Greek…

Bank Failure Friday TD Bank, National Association, Wilmington, Delaware, Acquires All the Deposits of Three Florida Institutions FDIC: Failed Bank Information - Bank Closing Information for City Bank, Lynnwood, WA FDIC: Failed Bank…

Rick Bookstaber certainly thinks so. He recently wrote a piece which defines the pressure points for market risk and found the municipal bond market to be a problem in need of a solution.  Rick writes: I don’t think we will see a…

Bank failure watch FDIC Pares Aid for Bank Buyers – WSJ.com New York Community Bank, Westbury, New York, Assumes All of the Deposits of Desert Hills Bank, Phoenix, Arizona Bank of the Ozarks, Little Rock, Arkansas, Assumes All of the…

Lehman Head Bryan Marsal has warned that Wall Street had not learned its lesson in the credit crisis and that another megabank bankruptcy is likely. Marsal made the remarks while in Berlin for a bankruptcy conference in an interview with…