Equity investors might find it a bit surprising that the rating agencies are not necessarily all that excited about the recent wave of stock investor activism. In fact some view such aggressive investor involvement as risk to corporate credit. Institut…
Spain is expected to strong-arm its banks into buying more government debt in exchange for aid, after Madrid was forced to borrow up to €100bn…
The trustee overseeing the bankruptcy of MF Global estimates that creditors, including banks, big investors and service providers, could have more than $3 billion in…
Barron’s: You’ve called the current phase of the U.S. deleveraging experience “beautiful.” Explain that, please. Dalio: … There are three ways to deleverage. We hear…
Want to see a completely wrong headline? Here’s mine from seven months ago:
The “deal” that I was referring to in this piece was changed dramatically from the one that is being worked on with creditors today.The haircut on bonds has changed, a…
By Michael HudsonU.S. and foreign stockmarkets continue to zigzag wildly in response to expectations about whether theeuro can survive, in the face of populations suffering under neoliberalausterity policies being imposed on Ireland, Greece, Spain, Ita…
By William K BlackThe financial scandal and the Great Recession that it causedhave understandably captured the bulk of our attention, but we must not losesight of the fact that “control frauds” continue to maim and kill enormousnumbers of people an…
Any bears with solutions?
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What happens on the day sovereign defaults are declared? — and how does a small firm that relies on TTs from Europe/USA survive the turbulence?
Scenario: A small $50 million dollar company with business in SE Asia…
BIRMINGHAM, Alabama (Reuters) – Alabama’s Jefferson County filed for bankruptcy court protection on Wednesday in the biggest municipal bankruptcy in U.S. history.
Commissioners for the county, which is home to Birmingham, the state’s biggest city …
Let’s face it, the quick and easy (theoretical) way out of a global debt crisis is a global helicopter drop.
Right now it looks like the economy of planet earth is going to be stuck for the next 20 years with all parties nervously thrusting and parry…
