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Large Banks Forced to Contemplate Their Mortality
Banking regulators are wrapping up new rules mandated by the Dodd-Frank Act that require large banks to explain how they should be dissolved in the event of bankruptcy. The plans, dubbed "living wills for banks," are drawn up long before the threat of
Updated: 09/06/2011 04:21P
Davis Wright Tremaine | Securing a Loan to a Broadcaster, Part 2 - Bankruptcy
In this case, involving the bankruptcy of Terrestar Networks Inc, a New York bankruptcy court decision (decision by Judge Gonzalez on August 19), rejected the Tracy reasoning. The Terrestar court did an extensive review of case law on security in FCC
Updated: 09/06/2011 04:12P
Norway freezes aid over corruption
Oslo will block payment of the funds until the International Monetary Fund (IMF) and Afghan authorities reach an agreement resolving the crisis plaguing Kabul Bank, the biggest private bank in Afghanistan now on the verge of bankruptcy after its
Updated: 09/06/2011 04:09P
Mr. President, Please Read This Before Thursday
Millions of Americans have been in foreclosure proceedings. That resulted in their losing their homes, their most significant asset. Millions more will meet the same fate if the foreclosures are not dealt with and ended. Your administration has relied
Updated: 09/06/2011 04:07P
Germantown's MGS a major creditor in Solyndra bankruptcy
Solyndra had significant financial backing — the company received more than $1 billion in private investments and an additional $535 million loan guarantee from the US Department of Energy. But worldwide solar prices fell “dramatically” in recent years
Updated: 09/06/2011 03:46P
Doral gets $170 million bid in bankruptcy - filing
NEW YORK, Sept 6 (Reuters) - The upscale Doral Golf Resort & Spa in Miami, Florida -- one of five bankrupt hotels owned partly by hedge fund Paulson & Co -- has received a minimum bid of $170 million in bankruptcy court. MSR Resorts, the group of
Updated: 09/06/2011 03:44P
Paulson-Owned Doral Gets $170 Million Bid in Bankruptcy
has received a minimum bid of $170 million in bankruptcy court. MSR Resorts, the group of bankrupt hotels controlled by Paulson & Co. and others, said in a court filing that the $170 million sale of the Doral would help decrease the overall debt for
Updated: 09/06/2011 03:32P
4 dead, including shooter, in Nev. IHOP attack
have to carry a gun by law. Waaaaay ahead of you. Hell, both my kids pack heat to school. Not only does it provide a level of security, it's also proven a boon to their educational endeavors. For example, my youngest just got an "A" in Spanish.
Updated: 09/06/2011 03:20P
Solyndra officially files for bankruptcy
Solyndra LLC officially filed for bankruptcy in federal court Tuesday, disclosing that it has $783.8 million in outstanding secured debt and assets worth about $859 million. The company's largest creditors include Schott North America of Elmsford, NY,
Updated: 09/06/2011 03:18P
Solyndra Folds, and So Does Dream of US Leadership in Alternative Energy
Similarly, though Solyndra in particular received a subsidy (a loan for $500m), the rest of the solar industry got nothing from the Bush and the Obama administrations. America was supposed to become the biggest market for solar under Obama if you were
Updated: 09/06/2011 03:09P
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