"It is not unrealistic for China to backstop the euro zone crisis," said Mark Mobius, the executive chairman of Templeton Emerging Markets Group in an interview with CNBC on Tuesday from Monaco.
Early this morning, Los Angeles Dodgers owner Frank McCourt filed for Chapter 11 bankruptcy in what was his last attempt to keep the team under his ownership. Sal Galatioto, president of sports investment bank Galatioto Sports Partners, stopped by on CNBC's The Strategy Session today to discuss the recent development.
I blogged Friday that Dykstra has started tweeting, a difficult task considering the only mode of communication in lockup is a pay phone. Who was actually running his Twitter account? This weekend, I heard from that person—Daniel Herman, who says he is Dykstra's business manager.
Sal Galatioto, Galatioto Sports Partners, offers a look at what happens when a professional sports franchise files for bankruptcy.
The Los Angeles Dodgers filed for bankruptcy this morning and have promised that all players will get paid. That being said, the players are of course the largest creditors in the filing.
The Los Angeles Dodgers have filed for bankruptcy protection in a Delaware court.
Financial markets should brace themselves for a restructuring of Greek debt in September, Barry Eichengreen, Professor of Economics at the University of California, Berkeley said on Thursday.
Jonathan Henes compares the Greek debt crisis to a sequel to “Too Big to Fail,” when without a plan or a process, the government let Lehman fail and chaos ensued.
Your biggest competitor goes under. Should be good for business, right?
A friend of mine who runs a hedge fund likes to say, “I have seen this movie before, and I know how it ends…badly.” With respect to Greece, ironically, not only can we metaphorically say we’ve seen this movie before, but, in many ways, we have actually seen it - at least a movie of the same genre.
The executive in charge of restructuring Lehman Brothers sees some "striking" similarities between his company and Greece, he told CNBC Thursday.
Even if the debt ceiling is not raised, the United States will not default on its debt. The talk about a United States default is political and a red herring — it will only default if it chooses to do so.
Imagine that you are sitting in your house, watching flood waters rise, fearing that your house could be washed away and the government walks in and says, “here’s our plan to save your house - we are going to add more water to the flood.” After realizing this was not a joke, you would run, not walk, to find higher ground and kiss your house goodbye.
Confidence in the new plan to save Greece is misplaced according to Carl Weinberg, the chief economist at High Frequency Economics.
On Monday, May 23rd, Dan Rutherford, the Treasurer of Illinois, began a crusade against the incurrence of more debt. Specifically, he announced that the State of Illinois is on the verge of financial disaster and, in a concise report, he disclosed certain important fiscal facts about Illinois.
The imminent end of the Fed's quantitative easing as well as news that Standard & Poor’s had downgraded the outlook for Italy's ratings to negative were behind the stock selloff in Europe in morning trade, analysts told CNBC.com Monday.
Discussing the snapping up of Lehman Brother's distressed debt, with Kyle Bass, Hayman Capital Partners.
Lenny Dykstra, an outfielder for the New York Mets and Philadelphia Phillies known by the nickname "Nails," has been indicted for bankruptcy fraud and embezzlement from the bankruptcy estate.
Last Friday’s New York Times ran an article featuring my hometown, Croton-on-Hudson, New York. Croton-on-Hudson is located in Westchester, County and filled with hardworking men and women who were attracted to the town due to its vibrant community, good neighbors and strong school system.
While states are not too big to fail, they are too big to save - at least if the federal government is asked to do the saving.