Tag Archives: bankruptcy

Bankruptcy Costs Affect America’s Debt Crisis

by Guest Author Jialan Wang, Voxeu In 2005, the US Bankruptcy Abuse Prevention and Consumer Protection Act raised the costs to households of filing for bankruptcy by 60%. While the law was designed to prevent abuse by wealthy debtors, this … Continue reading

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Contrarian Analysis for 2012. Part 1.

Could 2012 Surprise to the Upside? by Guest Author John Slater, Capital Matters In January we are trained to predict the likely course of the coming year and more often than not we get it wrong. This year virtually everyone … Continue reading

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Reforming Repo Rules

by Guest Author Mark Roe, Project Syndicate and Harvard Law School CAMBRIDGE – Sometimes, we just don’t learn. After the financial crisis, the United States enacted the Dodd-Frank Act to overhaul American financial regulation, with the aim of reducing the … Continue reading

Posted in Banking News, money | Tagged , , , , , , , , | 2 Comments

A.I.G. and Greece: Comparing Bankruptcies

by Elliott Morss Introduction In the midst of the Greek crisis, a report was issued last week by a watchdog government agency assessing how the Federal Reserve handled the A.I.G. crisis. Remember that one? At one point, the Feds had … Continue reading

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Recovery by Deleveraging?

My conclusion? If deleveraging is needed, stimulatory monetary and fiscal policies should accelerate the process. Continue reading

Posted in Economics, Federal Reserve, Government | Tagged , , , , , , | 2 Comments

$13 Trillion Cover-up

In the case of bailing out Wall Street – and thereby the wealthiest 1% of Americans – while saying there is no money for Social Security, Medicare or long-term public social spending and infrastructure investment, the beneficiaries are obvious. So are the losers.

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Weighing the Economic News: Borders’ Bankruptcy

Little was lost to the economy in the Borders’ bankruptcy. Customers in Border’s closed locations will simply buy somewhere else. Investors will have haircuts Continue reading

Posted in Retail & Business Sales, Weekly Economic Summary | Tagged , , , , , , | 1 Comment