Latest Blog Posts for Recovery Risk

• Hospitals affected by the Credit Crisis?
  on Oct 15, 2008
  Yesterday, the New York Times ran an article titled "Disappearing Credit Forces Hospitals to Delay Improvements". The article basically talked about how, despite the stereotypical notion of health care as recession-proof, hospitals worry that if
• Déjà vu: Resemblance to the Asian Financial Crisis
  on Sep 24, 2008
  As someone who was once affected by the Asian Financial Crisis, the current financial crisis in the US has the quality of a déjà vu experience. Take a look at the last chapter drawing lessons from the Asian Financial Crisis in Goldstein’s book â€...
• A chapter closed? Sale of Lehman to Barclays
  on Sep 23, 2008 in purchase agreement sale counterparty risk Barclays
  The sale of Lehman’s US broker-dealer units to Barclays closed on Monday morning when Judge Peck entered the order approving the revised agreement. The Bankruptcy Litigation Blog has put up copies of the final sale documents. The clarification lett...
• Week in review
  on Sep 21, 2008 in GM CDS Wachovia Lehman China Construction Bank HBOS Merrill credit default swaps
  The rollercoaster ride began in the early morning of Monday when Lehman filed for bankruptcy in the Southern District of New York before London markets opened. This came around the same time as the announcement that Merrill Lynch has agreed to be acq...
• Lehman London: The $8 Billion Op Risk Event
  on Sep 20, 2008 in Jerome Kerviel Basel Harbinger Funds Lehman Bay Harbour operational risk Pricewaterhouse
  Remember the movie Entrapment starring Catherine Zeta-Jones and Sean Connery where they pulled off a job in Kuala Lumpur which consisted of $8 billion from the International Clearance Bank in the Petronas Towers? Interesting show, but reality seems m...
• Lehman and DIP financing
  on Sep 18, 2008 in bankruptcy DIP financing debtor-in-possession financing Lehman
  Amidst an announcement by Barclays that it will acquire parts of Lehman’s US operations, Barclays also threw a lifeline for Lehman to remain a going concern for the time being. A court order was just entered authorizing debtor-in-possession (“DIP...
• Another bailout: AIG
  on Sep 17, 2008 in Cerberus bailout Conseco AIG insurance Altman Fortress
  These are tumultuous times indeed when the Federal Reserve has seized control of AIG through a 2-year $85 billion secured revolving credit facility. AIG's severe liquidity problems are driven largely by losses in a non-traditional insurance business.
• Lehman's bankruptcy - why?
  on Sep 15, 2008 in refinancing bankruptcy crisis liquidity Lehman
  Over the weekend, we were strolling down the street where the Fed is located, witnessing a historic downfall. The question is, why and why now?This isn’t exactly a simple case where the company is unable to pay its debts as they fall due. Sure enou...

{pvComments::user_name}

{pvComments::date}

Delete 

{pvComments::comment}

Post a Comment