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Bankruptcy not bailout; a special chapter 14.


Bankruptcy not bailout; a special chapter 14.

Ed. by Kenneth E. Scott and John B. Taylor.

Hoover Institution Press


251 pages



Working group on economic policy


Economists and legal experts at the Hoover Institution propose changes to the bankruptcy code that will allow the reorganization or liquidation of the largest U.S. financial institutions. The proposed Chapter 14 takes advantage of a judicial proceeding to minimize the felt necessity to use the alternative government agency resolution process enacted under Dodd-Frank. The nine contributions examine how Lehman Brothers' derivatives portfolio would have worked out under Dodd-Frank, evaluate the costs and benefits of automatic stays for derivatives and repurchase agreements, and analyze the ability of modified bankruptcy laws to preserve a financial firm's going-concern value.

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Title Annotation:working group on economic policy
Publication:Reference & Research Book News
Article Type:Book review
Date:Aug 1, 2013
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