Advice on turnarounds, from an internet guy
Maybe calling Marc Andreessen an “internet guy” is putting it lightly – with all the big-name fanfare regarding his blogging exploits I say what the hell. You have to give credit where credit is due,...
View ArticleIs Countrywide’s next stop DIP financing?
After liquidity trouble, Countrywide was cut short in the commercial paper market – hence yield skyrocketed. They found a savior in Bank of America, and that deal likely included some restructuring...
View ArticleMortgage Security Bondholders Facing a Cutoff of Interest Payments
If it was corporate senior or subordinate debt, the cutting off interest payments is usually followed by a restructuring that often includes conversion of debt to equity. Quite difficult (if not...
View ArticleChapter 11 reorganization transfers risk to the willing
Jeffrey Miron opines that instead of accepting a bailout, banks facing failure should opt for bankruptcy filing instead: Bankruptcy does not mean the company disappears; it is just owned by someone new...
View ArticleDr. Nouriel Roubini, please take a bow
And then grab a stage break Nobody can be right all the time, but Dr. Nouriel Roubini has come pretty darn close so far. That does not, however, preclude being correct into perpetuity. Dr. Roubini has...
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