Bankruptcy Not Bailout: A Special, Part 14
Kenneth E. Scott, John B. Taylor
Hoover Press, Sep 1, 2013 - Political Science - 264 pages
This book introduces and analyzes a new and more predictable bankruptcy process designed specifically for large financial institutions—Chapter 14—to achieve greater financial stability and reduce the likelihood of bailouts. The contributors identify and compare the major differences in the Dodd-Frank Title II and the proposed new procedures and outline the reasons why Chapter 14 would be more effective in preventing both financial crises and bailouts.
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Andrew Crockett assets automatic stay Bankruptcy Code bankruptcy judges bankruptcy law bankruptcy proceeding Bear Stearns big to fail billion Brothers Holdings Inc capital cash Chrysler clearing members clearinghouse counterparty Darrell Duffie debtor default derivatives claims derivatives counterparties derivatives portfolio derivatives transactions derivatives/swaps distress costs Dodd-Frank Act Duffie effect entities exemption failure FDIC FDIC’s Federal Deposit Insurance Federal Reserve filed for bankruptcy Financial Crisis financial firms financial market financial stability financial system firm’s funding incentive insolvency ipso facto clause ISDA Kenneth large financial institutions largest LBSF Lehman Brothers Holdings loans market participants master agreement moral hazard nonbank financial companies obligations orderly liquidation authority OTC derivatives payments percent petition potential primary regulator priority QFCs received receivership regulatory reorganization repo counterparty repos repurchase agreements rules safe harbor supra swaps systemic risk systemically important termination Title trading transfer Treasury treatment unsecured creditors valuation