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Insolvency

Bankrupt Sovereigns: Is There an Orderly Way Out?

Otaviano Canuto | Posted 08.10.2013 | World
Otaviano Canuto

An orderly sovereign debt restructuring would be one that places the debtor nation's public debt on a sustainable trajectory, while minimizing procrastination and contagion. However, orderly debt restructurings may remain elusive, even with high-powered official intervention.

Until Subnational Debt Do Us Part

Otaviano Canuto | Posted 06.15.2013 | World
Otaviano Canuto

The subnational debt market in some developing countries has been going through a notable transformation. Private capital is emerging to play an important role and subnational bonds increasingly competing with traditional bank loans.

States Ignored Years Of Warnings On Unemployment Insurance

AP | KEVIN FREKING | Posted 05.25.2011 | Business

WASHINGTON — State officials had plenty of warning. Over the past three decades, two national commissions and a series of government audits soun...

FDIC New Frontier Report: Bank Was Warned Of Risky Practices As Early As 2004

The Fort Collins Coloradoan | Trevor Hughes | Posted 05.25.2011 | Denver

Federal bank regulators repeatedly warned the now-collapsed New Frontier Bank it was taking financial risks it could not cover and lacked the systems ...

Like Somali Pirates, Wall Street Holds U.S. to Ransom

Ann Pettifor | Posted 05.25.2011 | Business
Ann Pettifor

All this daylight robbery and confusion takes place because policymakers -- at the US Treasury, the Federal Reserve and the British government -- do not understand what is going on.