huge tarp nothing more than a band aid

With its share price under renewed pressure, it looks as though CitiGroup is again on the verge of bankruptcy, ... s stop the charade and fully nationalize the company, including: The removal of the current ... . A wipeout of existing stakeholders, debt and equity alike. Forced write-down of bad debt.” Yahoo [more...]

Date: 2009-01-11 14:14:46

Blog posts (5) | Videos (2)
 

When Banks Increase Profits In A Falling Market

While we have all seen the headlines about debt problems in the UK, falling house prices, etc, you would have thought that the banks would be struggling to make money.  Think again! The only real way in which banks can lose money, from their traditional banking operations, is by writing off bad debts.  You may find this a little curious because surely as interest rates fall, their profit from each loan, each mortgage  and other instruments will fall – not always. [more...]

Date: 2009-09-25 02:04:09

To send to collections or not, that is the question.

The decision to send people to collections or to simply write off bad debt is a difficult one to make and should not be taken lightly ... , have decided to outsource my deadbeat accounts to a collection agency.  This was prompted by several ... you just need to resort to a collection agency.I [more...]

Date: 2008-12-29 22:36:00

Clinton Writes-Off

Bloomberg:  Clinton Writes Off $13.2 Million Loan to Campaign, by Jonathan D. Salant: Hillary Clinton formally wrote off the $13 ... Biersack said. Nor can she deduct the money as a bad debt or as a job-hunting expense because political ... of Cincinnati law school and editor of TaxProf Blog. For prior TaxProf Blog coverage, see Romney Writes [more...]

Date: 2008-12-22 20:21:01

links for 2008-12-11

The Pause That Depresses - NYTimes.com Credit crunch hits cash-strapped homeowners - EurekAlert Income inequality and the ability of presidents to ... of debt relief - voxeu.org People Get Paid to Write This Stuff? - Tom Bozzo Japan's Quantitative ... Up - Caroline Baum Destroying Lemons (or at least locking them up in a "Bad Bank") - Nick Rowe NYU [more...]

Date: 2008-12-11 08:06:00

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