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In this article, I am going to give a basic introduction to insolvency (bankruptcy), as well as a discussion of the principles of how losses are apportioned to the various classes of creditors of American banks. I will only attempt to look at American banks since bankruptcy procedures are specific to each legal jurisdiction. Although I was not a credit analyst, I worked with them and had some training on the topic. The article “U.S. Corporate and Bank Insolvency Regimes: An Economic Comparison and Evaluation” by Robert R. Bliss and George G. Kaufman (URL: https://www.chicagofed.org/-/media/publications/working-papers/2006/wp2006-01-pdf.pdf) covers this topic, and I will use it to justify some assertions about the procedures. I will then discuss some of the issues of the resolution of Silicon Valley Bank, which is underway at the time of writing....Bond Economics
Primer: American Bank Insolvency Losses
Brian Romanchuk
I used to be like everyone else, hunched over a tiny screen, watching seventeen-year-olds give each other psychiatric diagnoses on TikTok. Then I misplaced my smartphone after the doorbell rang while I was playing Wordle on the toilet. Now I’m a mindfulness expert.
It all started forty-five minutes ago. Normally I would drink my morning coffee while hate-scrolling through Facebook to see which multilevel marketing scheme my high school nemesis is into now. Today, I chose to savor my beverage in the present moment. It was revelatory. The Trader Joe’s oat milk is way grittier than the Whole Foods brand. Also, two scoops of collagen powder is too much collagen powder. You can really taste the hoof.
The post Fear of God appeared first on scheerpost.com.
Discrimination against Palestinians at George Washington University is an institutional problem deeply rooted in the administration and powerful entities that support it.
The post Title VI Complaint Filed Against George Washington University Over “Hostile Environment of Anti-Palestinian Racism” appeared first on MintPress News.
Historians Naomi Oreskes (Harvard University) and Erik Conway (Caltech) talk to Rob about their just released book, The Big Myth: How American Business Taught Us to Loathe Government and Love the Free Market.
Twenty years after the invasion, veterans struggle to reconcile their sacrifices with the unhappy outcome and the false narratives that started the war.
The post “Trauma Never Goes Away”: As America Forgets, Iraq War Stays With U.S. Veterans appeared first on The Intercept.