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Detroit Bankruptcy Filing Puts Spotlight on Distressed Municipal Pensions

Jacob Adlerstein | Posted 09.23.2013 | Business
Jacob Adlerstein

If Detroit prevails in significantly reducing its pension obligations, it will potentially provide a blueprint for other jurisdictions to follow.

Confidential Note Details Staggering Costs Of Messed-Up Greek Default

Reuters | Posted 05.05.2012 | Business

By Alex Chambers LONDON, March 6 (Reuters) - A disorderly default in Greece would likely necessitate outside support for Spain and It...

BofA's Huge Mortgage Settlement Challenged By Bondholders

Posted 09.04.2011 | Business

NEW YORK (Jonathan Stempel) - A group of bondholders plans to challenge Bank of America Corp's $8.5 billion settlement with holders in soured mortgage...

Ireland Must Take a Flamethrower to the Bondholders

Rory Fitzgerald | Posted 05.25.2011 | World
Rory Fitzgerald

Here's a top investment tip for the next Irish government: buy matches and petrol. Burning the bondholders and defaulting on bank debt, if not also sovereign debt, now makes complete sense for Ireland.

Shahien Nasiripour

No Longer Too Big To Fail? Credit Rating Agency Thinks So | Shahien Nasiripour | Posted 05.25.2011 | Business

The giant credit rating agency Standard & Poor's issued a stark warning Tuesday to creditors of Citigroup and Bank of America, two firms that up until...

Car-Nage or Industrial Policy?

Max Fraad Wolff | Posted 05.25.2011 | Business
Max Fraad Wolff

We so completely lack an industrial policy that we are presently working to spend money to maintain our car market while decimating U.S. domestic car producers.

Grand Theft Automaker

Stuart Whatley | Posted 05.25.2011 | Business
Stuart Whatley

Nobody expects the administration to right the world economy in a day, but what it can do is make sure each who is owed gets his fair share of the pie.