Category: Recapitalization

Cyprus’s economic coma: Part 3, And others die

26 March, 2014 (09:00) | Bailouts, Banking, Cyprus, Economics, Eurozone, Global news, Housing, Recapitalization, Russia, Speculation | No comments

[Continued from yesterday's Part 2 and the preceding Part 1.]   By:David A. Smith   And others die. – Wikipedia’s summary of coma                                                                                                                                               With the Economist’s (March 8, 2014 news article and an editorial (March 8, 2014; brown font) epiphany that maybe the ECB/ IMF ‘rescue’ of Cyprus has been a botch from start to […]

Cyprus’s economic coma: Part 2, A vegetative state

25 March, 2014 (09:00) | Bailouts, Banking, Cyprus, Economics, Eurozone, Global news, Housing, Recapitalization, Russia, Speculation | No comments

[Continued from yesterday's Part 1 .]   By:David A. Smith   After this time, some patients gradually come out of the coma, some progress to a vegetative state – Wikipedia’s summary of coma   Yesterday’s post examined the semi-comatose Cypriot economy, a year after its ECB takeover, and using as source material the Economist’s (March 8, […]

Cyprus’s economic coma: Part 1, Very basic responses

24 March, 2014 (12:00) | Bailouts, Banking, Cyprus, Economics, Eurozone, Global news, Housing, Recapitalization, Russia, Speculation | No comments

By:David A. Smith   Comas can last from several days to several weeks. In more severe cases a coma may last for over five weeks, while some have lasted as long as several years.  – Wikipedia’s summary of coma   Either one of you will survive, or you won’t   A year after the European […]

Out of the muck? Part 5, What it means for municipal bankruptcy and Detroit

10 January, 2014 (09:00) | Bankruptcy, Bonds, Capital markets, Detroit, Finance, Infrastructure, Jefferson County, Municipal bankruptcy, municipal infrastructure, Recapitalization, Speculation, US News, Workouts |

[Continued from yesterday's Part 4 and the preceding Part 1, Part 2, and Part 3.]   By:David A. Smith   By late November, after repricing the current-payment bonds because of a rise in interest rates, the Jefferson County bankruptcy reorganization plan was approved by all parties, and ready to close, pending only the sale of the […]

Out of the muck? Part 4, court retains authority for forty years

9 January, 2014 (09:00) | Bankruptcy, Bonds, Capital markets, Detroit, Finance, Infrastructure, Jefferson County, Municipal bankruptcy, municipal infrastructure, Recapitalization, sewer systems, Speculation, US News, Workouts |

[Continued from yesterday's Part 3 and the preceding Part 1 and Part 2.]   By:David A. Smith   As we’ve seen so far, the Jefferson County bankruptcy reorganization had proceeded with commendable logic and celerity to a proposed resolution last June, only to have interest rates move the wrong way (whenever I do a deal, interest rates […]