Category: AIG

Month in Review, July 2015: Part 2, Over the future event horizon

17 August, 2015 (10:00) | AIG, Bankruptcy, Boston Redevelopment Authority, En viager, Homeownership, Housing, Land leases, Month in review, Policy, Reform, Reversionaries, Speculation, Takings, US News | No comments

 [Continued from yesterday’s Part 1.] By: David A. Smith As we saw in yesterday’s Part 1, long lazy summary days give rise to long discursive summer blog posts, for what is a blog if not a journey of personal exploration?  “We shall not cease from exploration, and the end of all our exploring will be […]

Month in Review, July 2015: Part 1, In wisdom’s rear-view mirror

14 August, 2015 (10:00) | AIG, Bankruptcy, Boston Redevelopment Authority, En viager, Homeownership, Housing, Land leases, Month in review, Policy, Reform, Reversionaries, Speculation, Takings, Tenure, US News | No comments

By: David A. Smith For a month which traditionally begins summer’s biorhythmic slowdown, a lot went on in July, starting with finishing up a summer’s-starting post that dealt with an archetypal problem of common law and common land, access to and use of public beaches, We will fight them on the beaches: Part 3, The […]

The bankruptcy lottery: Part 7, Without fear of reprisal

15 July, 2015 (10:00) | AIG, Bailouts, Bankruptcy, Chapter 11, Credit default swap, Federal Reserve, Geithner, Illegal extractions, Insurance, Law, Lehman Weekend, Speculation, Takings clause, TARP, US News | No comments

[Continued from yesterday’s Part 6 and the preceding Part 1, Part 2, Part 3, Part 4, and Part 5.] By: David A. Smith The children had stones already. And someone gave little Davy Hutchinson few pebbles. – Shirley Jackson, The Lottery Now, after six parts of establishment – important, nonetheless, like your vegetables – we […]

The bankruptcy lottery: Part 6, Equity would have been worthless

14 July, 2015 (10:00) | AIG, Bailouts, Bankruptcy, Chapter 11, Credit default swap, Federal Reserve, Geithner, Illegal extractions, Insurance, Law, Lehman Weekend, Speculation, Takings clause, TARP, US News | No comments

[Continued from yesterday’s Part 5 and the preceding Part 1, Part 2, Part 3 and Part 4.] By: David A. Smith “It’s Tessie,” Mr. Summers said, and his voice was hushed. “Show us her paper. Bill.” Bill Hutchinson went over to his wife and forced the slip of paper out of her hand. It had […]

The bankruptcy lottery: Part 5, Uncontrolled caprice of officials

13 July, 2015 (11:12) | AIG, Bailouts, Bankruptcy, Chapter 11, Credit default swap, Federal Reserve, Geithner, Illegal extractions, Insurance, Law, Lehman Weekend, Speculation, Takings clause, TARP, US News | No comments

[Continued from Friday’s Part 4 and the preceding Part 1, Part 2, and Part 3.] Instant wakeup analysis of today’s Greek bailout agreement by David Mamet (in Glengarry Glen Ross, 1992) Williamson: If the sale sticks, it will be a miracle. Levene: I just closed eighty-two grand.  I’m back, this is only the beginning. Williamson: […]