Category: Bankruptcy

Month in Review: March, 2013

17 May, 2013 (14:29) | Bankruptcy, Banks, Cities, Crime, Cyprus, Detroit, Euro, Land use, Month in review, New York City, Post Office, ratings agencies, Slums, Urbanization | No comments

By:David A. Smith   [Previous Months in Review available here: Feb 13, Jan 13, Dec 12, Nov 12, Oct 12, Sep 12, Aug 12, Jul 12, Jun 12, May 12]   During March, the Department of Justice sued Standard & Poor’s, an action that was five billion dollars’ worth of overdue, and included legislation with [...]

Month in Review, February, 2013: Part 2, All finance is global

26 April, 2013 (09:00) | Apartments, Argentina, Bankruptcy, Boston, CalPERS, Chapter 40B, Eurozone, Housing, Inclusionary zoning, Innovations, Month in review, ratings agencies, Redevelopment, US News, Zoning | No comments

[Continued from yesterday's Part 1.] ­­ [Previous Months in Review available here: Jan 13, Dec 12, Nov 12, Oct 12, Sep 12, Aug 12, Jul 12, Jun 12, May 12]   By:David A. Smith   You deserve a break today   Turning from the local to the national, I reported, with no little righteous, on the [...]

Month in Review, February, 2013: Part 1, All real estate is local

25 April, 2013 (09:00) | Apartments, Argentina, Bankruptcy, Boston, CalPERS, Chapter 40B, Eurozone, Housing, Inclusionary zoning, Innovations, Month in review, ratings agencies, Redevelopment, US News, Zoning | No comments

[Previous Months in Review available here: Jan 13, Dec 12, Nov 12, Oct 12, Sep 12, Aug 12, Jul 12, Jun 12, May 12]   By:David A. Smith   It all depends on what you think ‘local’ is   We think of home as a place of safety where we keep the dangerous world out, [...]

A wholly owned subsidiary of the European Central Bank: Part 5, what it means for global finance

5 April, 2013 (09:32) | Bankruptcy, Banks, Capital markets, Cyprus, Euro, Global news, Law, Recapitalization, Speculation, Workouts | No comments

[Continued from yesterday's Part 4 and the preceding Part 1, Part 2, and Part 3.]   By:David A. Smith   Previous posts in this week-long series have established that Cyprus was treated not as a nation, not even as a subsovereign state, but rather as a failed financial institution that needed to be forcibly recapitalized. We’ve [...]

A wholly owned subsidiary of the European Central Bank: Part 4, what it means for the Eurozone

4 April, 2013 (12:50) | Bankruptcy, Banks, Capital markets, Cyprus, Euro, Global news, Law, Recapitalization, Speculation, Workouts | No comments

[Continued from yesterday's Part 3 and the preceding Part 1 and Part 2.]   By:David A. Smith   By now it’s clear that Cyprus has lost its sovereignty, accepted the certainty of a severe depression, and destroyed its economic prospects for a decade.    The official lenders may see the second deal as a good [...]