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Special Report on

Lessons of receivership

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Sweden's fix of its banks in the early 1990s is considered a model for today’s policymakers. This column reviews the main features of the Swedish approach and discusses its applicability to today’s banking problems. Policy must be carried out swiftly and openly, aiming at saving banks, not their owners or managers. The Swedish banking crisis was part of a major financial crisis that hit the Swedish economy in 1991-93. Its origin should be traced to financial liberalisation in the mid-1980s that triggered a rapid lending boom. The pegged exchange rate for the krona prevented monetary policy from mitigating the boom by means ...
Whole-business Securitization Lands in Europe: Ten Lessons to ...
IntroductionThe asset-backed market has grown to become one of the largest capital markets in the world in terms of size and volume. Since 1998, companies have increasingly often used whole–business securitization to refinance whole lines of businesses that frequently form a substantial portion of the assets of the parent company. In one year’s time, both the Dunkin Brands transaction (May 2006) and the Domino’s Pizza deal (April 2007) pushed about $3.5 billion of asset-backed papers onto the market. Transactions in this asset class have primarily focused on the intellectual property arena, including fast food, licensing, music, ... market research, surveys and trends
Punishing Shareholders? Nonsense | The Big Picture
Whenever a company’s executives get caught doing something stupid/illegal, and are forced to pony up a hefty fine, a hue and cry go up: You are only punishing the shareholders . Well, yes, you are. That is, in fact, the purpose of these fines: To punish the companies engaging in violations of SEC laws, and to serve as an example to other firms — including their shareholders. The latest example of this is Andrew Ross Sorkin’s NYT column, Punishing Citi, or Its Shareholders? (good column, bad headline). To be blunt, the SEC really doesn’t care about Citi’s executives, shareholders, or even its ... market research, surveys and trends


Takeovers of Local Governments: An Overview and Evaluation of ...
l2In 1971-1972, state governments contributed about 38 percent of all revenues .... some $60 million, prompted the state, at the city's request, to come up with .... MSee William Cox, "Lessons of Receivership: The Legacy of Chelsea," ... industry trends, business articles and survey research
Transit Casualty Co.'s "Titanic" Insolvency Teaches Many Lessons
It's been called "the Titanic of all insolvencies"�on Dec. 3, 1985, Transit Casualty Company, domiciled in Missouri, was declared insolvent by the Cole County Circuit Court. During the late '80s, ill-fated Transit was the largest of three big insolvent companies in the news, along with Mission and Integrity. Now, 16 years later, "the Titanic" is back making headlines. On Jan. 23, 2001, Judge Byron L. Kinder, a Cole County Circuit Court judge who is overseeing the bankruptcy, hiked payments to 60 cents on the dollar to Transit corporate claimants and 70 cents on the dollar for individual claimants. ... industry trends, business articles and survey research
Palace purchase could make Detroit's future
Ten years from now, sports and music fans will park at the Detroit Zoo and take the train downtown to watch a game, see a show or eat at one of a hundred restaurants. They will join fans who live in the loft and duplex communities that surround the huge Harwell, Ilitch, Kaline and Archer parks near the center of the city -- or those who come downtown from their revitalized neighborhoods across the city. The park police will be joined by arena security to patrol square footage that houses Ford Field, Comerica Park and Little Caesars Arena, where the Red Wings and the Detroit Pistons play and where national tennis matches are held ... market trends, news research and surveys resources
3 lessons as chocolatier Bernard Callebaut enters receivership
Cash flow is one of the most important thing in keeping a business alive. Without a healthy cash flow, one cannot keep a business viable. Leo Donlevy at the University of Calgary's Haskayne School of Business made a valid point (emphasis added), "... it appears that growing the business got Callebaut into trouble. "Many businesses … bought very expensive real estate assets and other assets when times were good," Donlevy said. " And times went bad, and being the maker of a luxury product, sales probably went down and cash flow dried up, and [Callebaut] got in trouble with his lenders. " The important thing is to ... market trends, news research and surveys resources


The information content of Administration and Administrative ...
to obtain less in the case of Receivership than in Administration. In fact, ..... Franks, J. and W. Torous, 1992, Lessons from a comparison of US and UK ... technology research, surveys study and trend statistics
describe the duties of the FDIC as receiver, and to highlight some important lessons learned through the FDIC's more than 60 years of experience in ... technology research, surveys study and trend statistics
1 Municipal Takeovers Bibliography
“Lessons of receivership: The legacy of Chelsea”,. Government Finance Review ( August), 21-22, 24. This article considers how the City of Chelsea and the ...
September 2007 Archives | Ask MetaFilter
I have reason to be concerned that source code I am turning in for programming projects at school might be being burgled for the professor's own purposes. I would like to protect my code some way. I am thinking this is a great place for DRM to actually be useful. Anyone have experience with this? What are my options? I'm taking a road trip through the southwest, and I'd like to see places with an interesting backstory or that show you "behind the scenes." I'm interested in places with political, economic, environmental, or industrial significance. Can you recommend some? nikeshoefilter: Where can I find ...