What's happening in Greece? Explaining the Greek Debt Crisis. Latest developments: In the Eurozone, growing support for a Greek Exit. while Greeks are stashing €10,000 bundles in their homes. preparing for what the Greek Central Bank calls a financial collapse.
Guitar Center, America's largest music equipment retailer, is facing some tough financial times. This in itself is not necessarily news. What's intriguing is that Guitar Center, which was previously owned by Bain Capitol -- yes, that Bain Capital -- was recently acquired by its major creditor, private equity firm Ares Management. At least one analyst is speculating that Ares Management may see more upside in peddling Guitar Center's junk bond rated debts to other suckers than in revitalizing it to sell more guitars and amps, a strategy that harkens back to the recent sub prime mortgage market implosion. [more inside]
Lee Buchheit, fairy godmother to finance ministers in distress
Lee Buchheit, a lawyer at US firm Cleary Gottlieb, has been present at all the major debt crises of the past three decades. His reputation among investors is as a fearsome and aggressive litigator, but finance ministers in distress see him as something of a fairy godmother.[more inside]
Want your new law school to get accredited by the American Bar Association? Be prepared to jump through some hoops.
Is the next debt crisis in student loans? Students are graduating from undergrad with 6-figures of student loan debt. With whom does the responsibility reside? [more inside]