| Courtesy of Credit Slips guest blogger extraordinaire, Stephen Lubben, here is the chapter 11 bankruptcy petition for Lehman Brothers Holdings, Inc. | |
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| Lehman paid out around $5.7 billion in bonuses in 2007. Are those bonuses safe? Maybe not. The bonuses might be recoverable as fraudulent transfers---transfers made while insolvent without receiving... | |
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| Systemic risk seems to be the byword for financial institutions regulators now, but a trio of developments indicates that it is only deepening: 1. Professor Anna Gelpern at Rutgers-Newark notes a... | |
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| As a way to searching for some historical frame of reference for the current financial crisis, I've eschewed LTCM, etc. and gone back to the granddaddy of modern market crises, 1929. To that end,... | |
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| Once the Treasury bailed out Bear Stearns with government guarantees, the next buyer of a major US financial institution might expect similar help. Barclay's was the last likely buyer of Lehman... | |
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| With both political parties are focused on Michigan this fall, high foreclosure rates and the neighborhood fallout from those foreclosures are likely to become a political issue. The GOP has... | |
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| We're getting lots of comment spam from organizations explaining how their payday lending operation or credit-repair firm really could help you out. Not likely. Unfortunately, to prevent this spam... | |
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| Former Credit Slips guest blogger Christian Weller wrote me over the weekend to point out that the charge-off rate on credit cards hit an eye-popping 5.47% for the second quarter of 2008. That led to... | |
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| As I was reading last night, I came across three separate little dots of information. The first dot was good news for AmEx, the credit card of choice for higher-income, less financially stressed... | |
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| The United States Court of Appeals for the Eighth Circuit just ruled on a matter of first impression among circuit courts--the constitutionality of the treating attorneys as "debt relief agencies"... | |
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