Category: Municipal 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: June, 2014: Part 2, The challenges of developing new homes new

1 August, 2014 (10:00) | Austin, TX, Detroit, Flagstaff, Local issues, Mayors, Mobile homes, Month in review, Municipal bankruptcy, Municipal budgets, New Haven, New York City, NYCHA, Politics, Public housing, Real estate taxes, Student housing, Urbanization, US News |

[Continued from yesterday's Part 1.] By: David A. Smith Yesterday’s Part 1, reviewing a month spent entirely on local issues, dealt with the economic and political dynamics of existing housing markets, but cities must always be building new, because economic growth and population growth are the lifeblood of cities – such as New Haven: Demonstrators […]

Month in Review: June 2014: Part 1, The challenges of existing housing

31 July, 2014 (09:40) | Austin, TX, Detroit, Flagstaff, Local issues, Mayors, Mobile homes, Month in review, Municipal bankruptcy, Municipal budgets, New Haven, New York City, NYCHA, Politics, Public housing, Real estate taxes, Student housing, Urbanization, US News |

By: David A. Smith In a century of cities, so much to do with housing happens not at the national level but in the city, and yet I was surprised to discover that every June post focused on a municipal-level issue, even if some of them are exemplars of global trends. Sir, sir, they’re just […]

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 […]