Weekly News – March 18
Fee bonanza? Don’t get too excited…
Trump Offers to Help Russia File for Bankruptcy
Our case of the week for all you RMBS nerds….
We all knew statistical sampling couldn’t prove causation because hindsight is 20/20, right? NY Court of Appeals requires loan-level specific notice of breach causing Ambac stock to crater 20%+, read the decision here.
What’s trending this week?
Russia averts a $150 billion debt default for now
Elliott pro still thinks their debt is worthless….
and here’s a shocker:
Big European banks are unlikely to book Russian debt provisions
What are academics talking about?
DOJ conduct blasted as reprehensible…. by Judge Drain
Coming to a podcast and luncheon near you
Podcast: Restructure This! Episode 4: Views From the S.D. Texas Bankruptcy Bench with Judges David R. Jones and Marvin Isgur of the U.S. Bankruptcy Court for the Southern District of Texas