Category: Bonds

International Law’s Tinkerbell moment: Part 2, The ones who had hissed

14 July, 2014 (09:53) | Argentina, Bonds, Cramdown, Finance, International law, Law, Markets, Politics, Recapitalization, Securities, Speculation, World Cup |

[Continued from yesterday's Part 1.] By: David A. Smith Do you believe in bondholder rights? “If you believe,” Peter shouted to the voices, “clap your hands; don’t let Tink die.” Many clapped. Peter Pan, Chapter 13, Do you believe in fairies? As we saw in yesterday’s post, like Tinkerbell international law must be believed in […]

International Law’s Tinkerbell Moment: Part 1, What do you think?

11 July, 2014 (10:00) | Argentina, Bonds, Cramdown, Finance, International law, Law, Markets, Politics, Recapitalization, Securities, Speculation, World Cup | 1 comment

By: David A. Smith Do you believe in international law? Tinkerbell’s voice was so low that at first he could not make out what she said. Then he made it out. Peter Pan, Chapter 13, Do you believe in fairies? Though ‘international law’ does not exist (it presupposes a lawgiver with dominion over all), international […]

Month in Review, March, 2014: Part 2, No spin here, no sirree

2 May, 2014 (09:00) | Bankruptcy, Bonds, Cities, Dictators, Discrimination, Housing, Month in review, Mount Holly, Municipal bankruptcy, New York, Public consultation, Puerto Rico, Speculation, Taxation, Ukraine, US News, Zoning |

[Previous Months in Review available here: Feb 14, Jan 14] [Continued from yesterday's Part 1.] By: David A. Smith Because affordable housing cannot exist unless the state or nation’s economy and polity are basically sound, roughly half of my March posts dealt with issues of state or national fiscal viability (Puerto Rico and Ukraine), housing […]

­­Month in Review, March, 2014: Part 1, It’s always the palace, isn’t it?

1 May, 2014 (09:00) | Bankruptcy, Bonds, Cities, Cyprus, Dictators, Discrimination, Eminent domain, Housing, Month in review, Mount Holly, Municipal bankruptcy, New York, Public consultation, Puerto Rico, Speculation, Taxation, US News, Zoning |

[Previous Months in Review available here: Feb 14, Jan 14] By: David A. Smith That wrong shall fail and right prevail Though sic semper tyrannis is often more wished for than achieved, every now and then it happens, and March opened with the promise of political spring in Ukraine, a ray of political sunshine that […]

America’s Cyprus, America’s Caliban: Part 4, From crimes would pardon’d be

7 March, 2014 (09:00) | Bankruptcy, Bonds, Cyprus, Default, Detroit, Municipal bankruptcy, Puerto Rico, Sovereign guarantee, Speculation, US News |

[Continued from yesterday's Part 3 and the preceding Part 1  and Part 2.]   By:David A. Smith   ”But this rough magic I here abjure, and, when I have required Some heavenly music, which even now I do, To work mine end upon their senses that This airy charm is for, I’ll break my staff, Bury it […]