Credit Slips
Covers "all things about credit and bankruptcy." The blog features discussions and debates about "what does happen and what should happen when consumers and businesses borrow money."
Author: Five law professors contribute to this blawg: Bob Lawless of the University of Illinois; Angie Littwin and Elizabeth Warren of Harvard Law School; Katie Porter of the University of Iowa; and John Pottow of the University of Michigan.
Blawg Related Categories: Bankruptcy Law • Consumer Law • Law Professors • Harvard University • University of Illinois • University of Iowa • University of Michigan • Law Professor • Business Law
Recent Posts from Credit Slips
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Subprime, Exotic or "Crap?" Mortgage Industry Lingo
Former Credit Slips guestblogger Max Gardner is always trying to understand the real mechanics and economics of mortgage servicing. At one of his infamous bootcamps, he had an employee at a now-deceased mortgage servicer share…
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Evans and Wright on the CFPA: Round 2
A couple of weeks ago I wrote a short critique of one piece of a long study written by David Evans and Joshua Wright about the Consumer Financial Protection Agency and funded by the American…
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October Bankruptcy Filings Set New Post-2005 Record
The daily bankruptcy filing rate in October hit 6,200, setting a new record since the 2005 changes to the U.S. bankruptcy law. There were about 130,200 total filings spread over the 21 business days in…
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Looking Forward in the Supreme Court
This just in from our Washington, DC, bureau: the Supreme Court has granted certiorari in Hamilton v. Lanning, No. 08-3009 (10th Cir. Nov. 13, 2008), where the Tenth Circuit adopted the "forward-looking test" for how…
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How to Fail My Secured Credit Exam Two Different Ways
By way of Underbelly comes this story from the Seattle Times chronicling the many failures at the now defunct WaMu. Among the stories was that a WaMu banker gave O.J. Simpson a second mortgage on…
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Spookiest Bankruptcy Opinion of 2009
It's Halloween, and time for nominations for the Spookiest Bankruptcy Opinion of the Year. Comments are open. Name the opinion that gives you goosebumps, and explain why others should be scared . . . very,…
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Would this work?
Word on the street is that Capmark liquidated its derivative portfolio pre-bankruptcy to avoid having to deal with the safe harbors in the Bankruptcy Code. Cash is still subject to the automatic stay, unlike derivative…
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Means Test Changes Won't Mean Much
Controversy abounds these days about whether government programs should adjust downward to reflect cost-of-living and income declines. I’d like to stir up a little controversy here at Credit Slips about Bob Lawless’ recent post that…
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Too-Big-To-Fail Resolution: Why One Size Can't Fit All
The debate over what to do about too-big-to-fail is heating up (see here (FRB) and here (BoE) and here (Simon Johnson for a summation and commentary). A lot of the moves in the debate are…
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Things That Have Piled Up
Long time readers of Credit Slips may have noticed that my blogging has flagged the past few months. That is because my colleagues, Jennifer Robbennolt and Tom Ulen, and I have been working on a…