debt restructuring: : Guest Post: Time to Recapitalize Banks Fully (blog)

Guest Post: Time to Recapitalize Banks Fully

As debate continues over the release of the second half of the Treasury Department’s Troubled Asset Relief Program, Peter Boone and Simon Johnson argue that it’s time to stop taking half steps and make sweeping moves to fight bank insolvency. Boone is chairman of Effective Intervention, a U.K [more...]

Date: 2009-01-15 11:47:00

Blog posts (154) | Videos (38)

Deals of the Day: Jamie Dimon Predicts Two More Quarters of Recession

Deals of the Day, compiled by Stephen Grocer and Heidi N. Moore, gathers all the biggest news of the morning related to mergers and acquisitions, bankruptcies, financing and private equity. Deal Journal’s homepage is http://blogs.wsj.com/deals. You can also see real-time updates of our posts and our favorite deal-related articles on other Web [more...]

Date: 2009-01-13 15:28:00

The Prince Unconstrained: A Response to Michael Taft

Here’s a piece I wrote in the Irish Left Review responding to Michael Taft’s article in the ILR a few weeks ago. Full text is below, but check out the discussion on the site itself also. The late, great monetary economist Hyman Minsky (1986:110), quoting Nobellist James Tobin, once wrote of economics theory that: [more...]

Date: 2009-01-12 20:38:55

Massive Surge In Municipal Bankruptcies Coming

John Moorlach, the accountant who predicted the 1994 Orange County bankruptcy sees Up to 10 Municipal Bankruptcies in Coming YearThe accountant who ... the $2.7 trillion U.S. market for state, county and city debt next year as public finances worsen amid ... , Rio Vista, with a population of 8,000, and Isleton, a 10th as large, have said budget gaps and deb [more...]

Date: 2008-12-28 11:20:00

Nortel Files for Bankruptcy in US and Canada

From having one of the most envied positions in the history of modern telecommunications to its current position as a company with a history of ... of restructuring and acquisitions it entered into in the mid 90’s, with $4.5 billion in debt to show ... in restructuring for the company as a result of its debt load. Nortel is best known for manufacturing [more...]

Date: 2009-01-15 17:57:24

Deals of the Day: Dick Fuld?s Desperate Call to Save Lehman

The Weekend Wall Street Died The financial crisis that began with the collapse of Lehman Brothers marked sharp change by Wall Street bosses from banding together to every man for himself. “Desperate to avoid steering his 25,000-person company into bankruptcy proceedings, Mr. Fuld dialed the Charlotte, N.C [more...]

Date: 2008-12-29 13:02:37

a single promise to a single soldier

The President and First Lady were rendered Full Honors at their Farewell Ceremony from our military on January 6th. Below is a transcript of the comments of the Secretary of Defense, Robert Gates. Armed Forces Farewell to the President of the United States (Arlington, VA) As Delivered by Secretary of Defense Robert M [more...]

Date: 2009-01-08 17:23:34

DLF Pays Back Rs 1000 Cr Loan

Real estate Company DLF Ltd is learnt to have repaid loans to the tune of nearly Rs 1,000 crore during December, to various banks ... official told Business Line. “Overall, the company has converted the short-term foreign debt into long-term Indian borrowing. Earlier, the foreign debt had become cheaper than Indian debt and Indian [more...]

Date: 2009-01-13 10:32:27

GE Breakup Watch--Motley Fool Weighs In! Will Jeff Immelt Call In Some More Bailout Chits With the Obama Administration?

The Cable Gamer has believed for years that GE would break up, spinning off its various assets, including its media properties, NBC, MSNBC, CNBC, etc ... is one of the nation's largest lenders. Among those assets are $51 billion in real-estate debt securities. Investors [more...]

Date: 2009-01-14 22:30:00

Simmons to be acquired by Teachers' Pension Plan

simmons.jpg The Simmons Company, maker of Beautyrest mattresses, announced Friday that it agreed to be acquired by the Ontario Teachers' Pension Plan in a deal worth $760 million as a part of Chapter 11 restructuring plan. Atlanta-based mattress maker Simmons Company said that the deal would allow it to cut its debt to $450 million from around $1 billion. read more [more...]

Date: 2009-09-27 11:23:55

Premiers to press Harper for infrastructure boost

“We want to get those shovels in the ground sooner rather than later,” Ontario Premier Dalton McGuinty said. “We don’t want the recession to be over by the time we get infrastructure dollars spent.” Indeed, that would be disastrous. But, hey, money grows on trees, right? Spend away [more...]

Date: 2009-01-15 20:12:27

Analyst Sees GM Bankruptcy Unavoidable

Analyst Sees GM Bankruptcy Unavoidable General Motors can't avoid bankruptcy. A leading Wall Street analyst said Jan ... debt holders won't agree to a large enough cut in their holdings to make a restructuring work outside ... . 13 that he doesn't think General Motors (GM) will be able to restructure its debt [more...]

Date: 2009-01-14 07:07:10

LLC Bankruptcy - * What are your key turn around strategies

LLC Bankruptcy - * What are your key turn around strategies Restructuring business? How to turnaround your business and avoid bankruptcy ... certain there is no other choice. Anyhow, if your debt relief is significant, you must work with your Bookkeeper and debt representative to plan for any potential tax liability. In addition [more...]

Date: 2009-01-15 19:33:06

Big Information Technology Firms Still Struggling Financially

It was the Search Engine Company Yahoo that got headlines for the most part of 2008 ... sure their long term viability. Some of the usual Financial Services includes debt management ... Jerry Yang to give way for a new CEO of Yahoo. Despite the management move Yahoo stocks are still [more...]

Date: 2009-01-15 09:14:26

Chrysler Wants Money, Asks To Become "Independent Lending Corporation"

The requests for handouts keep right on coming: Chrysler seeks to tap relief funding ... that will allow it to tap into the troubled assets relief programme and other sources of credit.The Detroit ... and its talks on debt would pick up pace over the month. Chrysler has already been talking [more...]

Date: 2009-01-07 12:28:00

Gas: Russia’s Damocles’ sword over Europe

Date: 2009-01-11 02:39:57

Reveal Right Now Golden Tips For Saving Money On Food.

Reveal Right Now Golden Tips For Saving Money On Food. by Asem EltaherMany people want to save money in a number of different things. Whether they are shopping or going out for a meal, everyone likes to save money and use it elsewhere. Similarly, people want to get tips for saving money on food as well, and would like to maximize the value of their dollar when they are out buying food. [more...]

Date: 2009-09-29 13:55:46

Effective Immediately - No Refi’s For Borrowers with Modified Loans

1/5/09 - EFFECTIVE IMMEDIATELY - Modified Loans are Ineligible For Fannie/Freddie Refi’s, while FHA MAY Be Eligible ... , resulting in either absolute forgiveness of debt or restructuring the debt through either ... of the original mortgage debt to a “soft” subordinate mortgage; or Conversion of any portion [more...]

Date: 2009-01-12 17:52:15

Deals of the Day: Automakers Get Bottomless Bailout

Deals of the Day, compiled by Stephen Grocer and Heidi N. Moore, gathers all the biggest news of the morning related to mergers and acquisitions, bankruptcies, financing and private equity. You can bookmark Deal Journal for easy visiting throughout the day at http://blogs.wsj.com/deals. DEALS EMAILS [more...]

Date: 2008-12-30 13:13:50

Deals of the Day: Automakers Get Bottomless Bailout

Deals of the Day, compiled by Stephen Grocer and Heidi N. Moore, gathers all the biggest news of the morning related to mergers and acquisitions, bankruptcies, financing and private equity. You can bookmark Deal Journal for easy visiting throughout the day at http://blogs.wsj.com/deals. DEALS EMAILS [more...]

Date: 2008-12-30 16:13:00

Bond Recovery in Bankruptcies Likely to Be Far Lower Than in Past Downturns

Junk bond yields were recently as high as 20% (they've improved a bit recently). Some commentators considered the record spreads to be overdone ... predecessors, and the usual bottom fishers (private equity funds, wealthy families, "raiders" like Ron [more...]

Date: 2009-01-12 03:41:20

Are we underestimating the seriousness of the economic crisis?

Before we think about future, we should know what economic experts said before Lehman bothers collapse and share market crash in 2008 ... Pickens. 8. “There is growing evidence that parts of debt markets are coming back to life” – Peter Coy [more...]

Date: 2009-01-14 16:45:00

“The U.S. Just Isn't Going Anywhere Good”

With all the death and destruction in Palestine, it’s sometimes easy to forget that the North American economy is going down the toilet ... , if you invest in $300 billion worth of toxic debt, that’s the United States government’s problem.And [more...]

Date: 2009-01-15 00:38:00

Stupidest Party AliveTM

People who have endorsed the Republican House caucus's objections to the stimulus package: Donald Luskin, Chief Investment Officer, Trend Macrolytics LLC, Stupidest Man Alive EmeritusTM: "Government spending does not create incentives for labor, innovation and investment [more...]

Date: 2009-01-11 04:57:25

Deals of the Day: Dow Chemical Ready to Sue Kuwait For Breakup Fee

Deals of the Day, compiled by Stephen Grocer and Heidi N ... the TV Guide Network and TV Guide Online properties from Macrovision Solutions Corp. for $255 million ... Markets Debt: “The credit markets may struggle to find a “magic cure” for protracted woes this year [more...]

Date: 2009-01-06 12:52:35

DrumBeat: December 27, 2008

Oil giants are itching to invade Iraq For Iraq the timing couldn’t be better. As reserves dry up around the world and national governments tighten their grip on what is left, the industry is more desperate than ever to get its hands on the Iraqi honey-pot [more...]

Date: 2008-12-27 14:00:31

Research Oracle roundup for 15 January 2009

Earning Release Shaw Communications Inc.’s (NYSE:SJR) 1Q 09 revenues, EBITDA and operating income were in line with our expectations, while adjusted1 net income was below our estimate. As the overall results were broadly in line with our expectations, we maintain our BUY rating for the common stock [more...]

Date: 2009-01-15 17:34:17

RBC on Nortel: Expect Widespread Repercussions from Bankruptcy, Bonds Should Recover

With Nortel Networks Corp. (NT) filing for Chapter 11 bankruptcy protection in the U.S. and CCAA protection in Canada, clearly no government aid came to the rescue. The final straw was the interest payment due on its debt, which stands at a whopping $4.5-billion. The filing does [more...]

Date: 2009-01-15 18:48:44

Lost In A Sea Of Stark, Empty Houses And Vacant Lots

It’s Friday desk clearing time for this blogger. “Record numbers of Sonoma County homeowners are seeing property taxes fall, ... condominium development and is seeking to collect nearly $19 million of unpaid loans connected [more...]

Date: 2009-01-02 17:57:28

The World Bank and the Spread of the American Empire

The World Bank and the Spread of the American Empire By Dene McGriff I must confess to being a “cog” as in the “cog” in a machine. Did I know I was? Nope, but I have gradually come to see that I was a “cog” in the building of the American Global Empire. Please don’t get mad at me for my confessions, for I certainly didn’t realize it at the time [more...]

Date: 2009-01-15 06:31:10

Stimulus: Something for Everyone

Stimulus: Something for Everyone by Howard Gleckman on Thu 15 Jan 2009 06:46 PM EST The stimulus plan unveiled by House Democrats today includes a little something for everyone. With an eye-popping price tag of $825 billion, I suppose it should. The plan, written in close consultation with the incoming Obama Administration, [more...]

Date: 2009-01-15 23:46:35

Simmons plans to file for Ch. 11 bankruptcy protection as part of restructuring plan

Simmons plans to file for bankruptcy protection ATLANTA ? Simmons Co., the maker of Beautyrest mattresses, said Friday that it plans to file for Chapter 11 bankruptcy protection in a move that will put new owners in charge of the bedding unit and significantly lower the company’s debt. The plan is expected to reduce total debt from [more...]

Date: 2009-09-25 11:32:41

Can China Avoid a Post-Olympic Economic Downturn?

By Adam Kritzer Economic analysis indicates that countries that host the Olympic Games typically suffer from economic decline and currency ... toys, medicines, and most recently, dairy products. Then came the credit crisis, which exploded [more...]

Date: 2009-01-12 14:39:56

Wall Street Breakfast: Must-Know News

Morgan Stanley Smith Barney. Citigroup (C) and Morgan Stanley (MS) confirmed they're merging their wealth management units into Morgan Stanley Smith Barney. Morgan will pay $2.7B for a 51% stake with the option of taking full control after five years. Citi will book a pre-tax gain of $9.5B, and an after-tax gain of $5.8B [more...]

Date: 2009-01-14 12:15:31

Wall Street Breakfast: Must-Know News

Fake profits shake Satyam. Satyam (SAY) shares are down over 70% in Indian trading after B. Ramalinga Raju, the company's founder and chairman, resigned and admitted over $1B of Satyam's balance sheet as of Sept. 30 was inflated non-existing cash and bank balances [more...]

Date: 2009-01-07 12:15:15

Citi's troubles send the cost of its default swaps soaring

With confidence in Citigroup Inc. falling fast, the spreads on the bank's credit default swaps are soaring. The costs of swaps to protect against a default by Citi went over 400 basis points for a time ... its debt payments as it undergoes a massive restructuring. ... [more...]

Date: 2009-01-15 14:08:18

Wolf Versus Pettis on US Stimulus, Fiscal Deficit (Not for the Fainthearted)

Martin Wolf has a very good comment in the Financial Times, "Why Obama’s plan is still inadequate and incomplete," ... 6) I argued that the debt-encumbered US private sector would now be forced to save .... The excess [more...]

Date: 2009-01-14 15:43:00

Non-Profit Debt Consolidation - Rebuild Credit with a Debt Consolidation

Non-profit debt consolidation companies can help you rebuild your credit ... . They can also lower your rates on some types of debt, such as credit card accounts. Not as detrimental to your credit score as a bankruptcy or foreclosure, debt consolidation can get you on the right track [more...]

Date: 2009-01-15 02:54:51

Deals of the Day: Treasury Bails Out Merrill Lynch Acquisition

Deals of the Day, compiled by Stephen Grocer and Heidi N ... aid to Bank of America to help it close its acquisition of Merrill Lynch. Treasury Secretary Paulson had been concerned that without further help the merger wouldn’t close, leaving Merrill adrift [more...]

Date: 2009-01-15 14:29:55

Deals of the Day: Treasury Bails Out Merrill Lynch Acquisition

Date: 2009-01-15 14:43:53

State Workers Fight Over Cutbacks as States Want More From Obama

As the budget crisis deepens, state employees are fighting each other for survival. Potshots are thrown between management vs ... the governor (not so affectionately referred to as GAS) for wanting to furlough or lay off workers [more...]

Date: 2009-01-03 19:53:00

A death blow to Zambian aviation?

The Post are reporting a breaking story on Zambian Airways :Zambian Airways suspends operations (The Post- 10/01/09) : Zambian Airways has suspended operations with immediate effect. The company announced that the airline had suspended operations to facilitate restructuring of the company due to operational problems [more...]

Date: 2009-01-12 20:00:00

Castro’s Cuba Leaves Nothing to Be Admired

I have a very close friend (who shall go unnammed) that seems to admire Fidel Castro ... : President Ford announces softening of the embargo, letting foreign subsidiaries of U.S. companies sell [more...]

Date: 2009-01-06 06:33:42

The Israeli War on the Gaza Strip: “The Birth Pangs of a New Palestine/Middle East”

The Israeli War on the Gaza Strip: “The Birth Pangs of a New Palestine/Middle East”by Mahdi Darius NazemroayaTo truly understand the specific you must understand the general and to master knowledge of the general you must understand the specific.What is taking place in the Palestinian Territories is related to what is taking place across the [more...]

Date: 2009-01-15 14:56:29

RUSSIA: IzhAvto negotiates debt restructuring

RUSSIA: IzhAvto negotiates debt restructuring Stay connected Subscribe to our RSS feed Under pressure carmaker IzhAvto is reportedly negotiating the restructuring of its debts with key creditors. Full story... No tags for this post. [more...]

Date: 2009-01-15 11:58:00

To try and get out of debt on your

To try and get out of debt on your On January 15, 2009 in Finance To try and get out of debt on your own without a debt settlement program is ... , chapter 7, debt settlement program, means test ... exemption of the debt owed. If someone dosen’t pass the “means test” to enroll for Chapter [more...]

Date: 2009-01-15 03:18:53

Nortel Australia reassures customers

Nortel has reassured Australian customers that it's business as usual for its local operation, ... financing," he continued, talking about the company's long term debt. "We've picked the time [more...]

Date: 2009-01-16 00:44:01

NEW YORK CITY LUXURY RESIDENTIAL MARKET IS FLATLINING

from CRAIN’S NEW YORK BUSINESS:January 13, 2009 5:59 AMBrooklyn housing market still sufferingAs the recession continues to wreak havoc on the city’s ... selling. Because the number of sales fell 42.7%, the overall market is likely settling [more...]

Date: 2009-01-15 04:30:24

Nortel Bankruptcy, Moto Lays off 4,000

On January 14th, Nortel Networks,the Canadian telecommunications giant, filed for bankruptcy ... on the company’s Web site that the current economic climate, high debt and an expensive cost structure [more...]

Date: 2009-01-15 18:50:19

The disaster that is the Cuban Revolution

Fifty years of tyranny and economic failure and the BBC says the festivities are subdued ... , by 1988. 1975: President Ford announces softening of the embargo, letting foreign subsidiaries [more...]

Date: 2009-01-02 19:07:55

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