The reorganization or liquidation of most types of companies is governed in the United States by a single federal law—the US Bankruptcy Code (the “Bankruptcy Code”). As a result, no...
It has been obvious for some time that the outdated US system of financial regulation is badly in need of reform. There have, however, been limited opportunities to unblock the political ...
The long awaited public-private investment program announced by Secretary Geithner on March 23, 2009 contains two key components: a securities purchase program, designed to remedy the ill...
In an open meeting held on March 17, 2009, the Board of Directors of the Federal Deposit Insurance Corporation adopted an Interim Rule that extends the Debt Guarantee Program component of...
In an open Board meeting on Friday, February 27, 2009, the Federal Deposit Insurance Corporation (the “FDIC”) is expected to discuss a modification to the Temporary Liquidity Guarante...
The US Treasury Department’s Financial Stability Plan (the “Plan”), as announced by Treasury Secretary Geithner on February 10, 2009, and as further elaborated in his congressional ...
This survey provides an overview of the various measures and programs for the financial sector which have been adopted or announced, or are currently being discussed, by the governments o...
The political struggle has begun over the conditions that will be attached to the release of the second half of the TARP funds. The first public salvo in this struggle was fired by Repres...
On July 23 the Federal Home Loan Mortgage Corporation’s general counsel, Robert Bostrom, called Randall Guynn, head of the financial institutions group at Davis Polk & Wardwell. Davis P...
On November 21, 2008, the FDIC released the Final Rule for its Temporary Liquidity Guarantee Program (the TLG Program), which guarantees certain senior unsecured debt issued by eligible b...
