Category: Securities

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 | No comments

[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 […]

Please release me, let me go: Part 3, cheaper through scalpers

24 January, 2013 (10:35) | Bonds, Capital markets, Finance, Football, Humor, Municipal bonds, New York Jets, Personal seat licenses, Securities, Speculation |

By:David A. Smith   [Continued from yesterday's Part 2 and the preceding Part 1.]   Yesterday we saw that, in addition to unhappy Jets fan Kenny Scarabaggio who had his moment in the sun (actually, the New York Post (January 7, 2013), we have unhappy Jets general manager Mike Tannenbaum, recently fired in large part because of […]

Please release me, let me go: Part 2, a fully disclosed ripoff?

23 January, 2013 (16:42) | Bonds, Capital markets, Finance, Football, Humor, Municipal bonds, New York Jets, Personal seat licenses, Securities, Speculation |

By:David A. Smith   [Continued from yesterday's Part 1.]   Yesterday’s post on the capital-asset implications of a multi-year football Personal Seat License, inspired by a short article in the New York Post (January 7, 2013), introduced long-suffering Jets fan Kenny Scarabaggio, who in a burst of optimism bought a New York Jets Personal Seat […]

Please release me, let me go: Part 1, harder to get rid of than Mark Sanchez

22 January, 2013 (18:27) | Bonds, Capital markets, Finance, Football, Humor, Municipal bonds, New York Jets, Personal seat licenses, Securities, Speculation |

By:David A. Smith   Up front or over time?    Can we give back our overpaid underachieving quarterback … and my overpriced underachieving tickets?   When it comes to expensive purchases that cannot be financed from normal available cash flows, would you rather accumulate capital (via savings or grants) or indenture yourself for years into […]