It wants to know: Why was YRC even bailed out? And why was the taxpayer put at so much risk? What’s going on here?
Chapter 11 bankruptcy that wipes out shareholders is the correct solution for collapsing share-buyback queens. US airlines already know this from experience. It works.
The coal and nuclear power generator may default in April.
“There is not and there will not be a banking crisis in Italy, nor will there be a European financial crisis coming from Italy”: EU Commissioner Moscovici
Teetering Eurozone banks exposed to flying shrapnel.
Banks cannot be allowed, at any cost, to suffer the consequences of their own chronic mismanagement, or worse.
Short-sellers have a field day with Spain’s “Most Italian Bank.”
The growing pile of bailed-out, newly crushed European banks.
Who Will Be the Bag Holders?
The art of Making Bad Debt Disappear.