Taxpayers Lose $2.3 Billion with CIT Bankruptcy
CIT filed for bankruptcy protection on Sunday, and part of its plan to heal itself is wiping out the taxpayers’ $2.33 billion … more…
Bankruptcy Judges, Justice Dept. Rip Mortgage Companies
“Systemic abuse.” “Extraordinary incompetence.” “Reckless.” In a growing body of legal cases, judges and the Justice Department … more…
Bailout for Breakfast: Two Options for Chrysler: Bankruptcy or…Bankruptcy
Back in March, when the Obama administration rejected the automakers’ reorganization plans as unacceptable, they were given … more…
Quick Picks: Banks Lobby to Jam Up ‘Cram-Down’ Bill
Quick Picks focuses on a select few of the day's stories from "Breaking on the Web."
The House is expected to pass legislation … more…Biden’s Cozy Relations With Bank Industry
With Sen. Joe Biden joining the Democratic ticket, there's renewed scrutiny of Biden's connections to the credit card industry. Biden … more…
March 12, 2010
Examiner: Lehman Torpedoed Lehman Mike Spector, Susanne Craig, and Peter Lattman, Wall St. Journal ($), March 12, 2010
December 16, 2009
Prosecution Drop May Embolden Bankruptcy Fraud as Filings Surge Justin Blum, Bloomberg, December 16, 2009
December 10, 2009
CIT Leaves Bankruptcy With Less Debt But Many Questions Michael J. de la Merced, New York Times, December 10, 2009
November 25, 2009
After the Hospital, It’s Bankruptcy Court for Many Kevin Sack, New York Times, November 25, 2009
July 01, 2009
Insured, But Bankrupted by Health Crises Reed Abelson, New York Times, July 01, 2009
Lawyers Tell Clients to Stay in Foreclosed Homes Todd Ruger, Sarasota Herald Tribune, July 01, 2009
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