Category: Bankruptcy

Stock-taking?: Part 2, “An unconfirmable plan”

16 October, 2014 (10:00) | Bankruptcy, Bonds, California, Debt, Markets, Municipal bankruptcy, Pension funds, Primer posts, Stockton | No comments

[Continued from yesterday’s Part 1.] By: David A. Smith Do I have your attention now? Yesterday we saw, via simultaneous articles in The Sacramento Bee (October 1, 2014) and Los Angeles Times (October 1, 2014; navy font), that despite the City of Stockton’s willingness to keep paying CalPERS at 100% even as other creditors were […]

Stock-taking?: Part 1, “Simply Invalid”

15 October, 2014 (10:00) | Bankruptcy, Bonds, California, Debt, Markets, Municipal bankruptcy, Pension funds, Primer posts, Stockton | 1 comment

By: David A. Smith As politics is the process that advances the interests of the majority, law is the process that protects the interests of the minority, and when those who make the laws find themselves forced to live with laws others have mad, including the bankruptcy laws and the Constitution from whence they derive, […]

Month in review: May, 2014: Part 2, Homes are made into cities

2 July, 2014 (12:41) | Apartments, Bankruptcy, Detroit, Eviction, Hamden, Homelessness, Homeownership, New Haven, New York City, Rent control, San Francisco, Sunset law, Urban homesteading, Zoning |

[Previous Months in Review available here: Apr 14, Mar 14, Feb 14, Jan 14] [Continued from yesterday’s Part 1.] By: David A. Smith As we saw yesterday, during May I focused on US cities – Detroit, New Haven, San Francisco – whose urban policy regarding newcomers is as a seesaw to their economic prospects: the […]

Month in review: May, 2014: Part 1, Cities are made of homes

1 July, 2014 (10:52) | Apartments, Bankruptcy, Detroit, Eviction, Hamden, Homelessness, Homeownership, New Haven, New York City, Rent control, San Francisco, Sunset law, Urban homesteading, Zoning |

[Previous Months in Review available here: Apr 14, Mar 14, Feb 14, Jan 14]  By: David A. Smith Cities are made out of homes, and homes are made by homeowners. When there is a dearth of homeowners, the price of homes drops, and the city’s society hollows out as fast as does its economy, making […]

Vote by Vote: Part 2, Down?

3 June, 2014 (18:52) | Bankruptcy, Cities, Cramdown, Detroit, Municipal bankruptcy, Real estate taxes, Reorganization, US News |

[Continued from yesterday’s Part 1.]  By: David A. Smith  As we saw yesterday, Detroit’s emergency manager has moved with exemplary dispatch and direction to treat the city like any other large Chapter 11 reorganization debtor, including a commendable job of securing pre-approval from many creditor groups before facing the big unknown: the two large pension […]