The Abacus CDO was selling CDS protection on a bunch of dodgy mortgage-backed securities. As long as there was not a credit event (however defined) with the MBS ...

The Supreme Court upheld the constitutionality of the CFPB's funding mechanism in its 7-2 decision in CFPB v. CFSA. Although I can't say I love the opinion's ...

Posted by Adam Levitin · Sovereign Debt · Elizabeth Warren · Bankruptcy Generally

Dec 31, 2015 · ... Abacus. That's enough to make one immediately suspicious. But synthetic CDOs aren't an inherently bad product. The problem is that they have ...

Professor Sufi argues that this is to be expected, since financial intermediaries overcome information frictions only if they have an incentive to properly ...

The Supreme Court upheld the constitutionality of the CFPB's funding mechanism in its 7-2 decision in CFPB v. CFSA. Although I can't say I love the opinion's ...

The two most common definitions that came up in law review articles were (1) having unmanageable debt; and (2) not being able to have your financial ends meet.

Feb 25, 2022 · I have been an American Bankruptcy Institute member since June 1999, but I have finally made the difficult decision to allow my membership ...