Daily Update 4/15/2009
1. In this piece , by the International Law Office about the Mortgage Bond system, the authors discuss a novel scheme being used by the Swiss banks where the banks have been allowed to securitize certain portfolio which meets certain collateral criteria.
2. In this article , by the Wall Street Journal, Ellen analyzes the demographics of the US population which are being most effected in the present times. Older homeowners on low fixed incomes comprise the majority of this demographic.
3. Pacific Ethanol, struggles to keep out of Bankruptcy. Pacific ethanol, might run out of cash by April . Already Valero Corp. has just agreed to buy seven bankrupt ethanol plants in the Midwest. This piece details state of affairs in the Oil and Ethanol sector.
4. This article carries a discussions on how bankruptcies have surged despite change in laws 3 years ago to make Bankruptcy protection more difficult for consumers.
5. Josh Ramos discusses the changes in the chapter 7 bankruptcy laws here.
