Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
As you know, I think that the conversion of debt to equity (ie removing the obligation to repay, but maintaining a return on capital so that the resulting equity has a value in exchange) is a new answer, rather than the time honoured (time worn) route of bankruptcy, foreclosure etc etc.

But not Equity as we know it, Jim...

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Mon Oct 27th, 2008 at 06:10:55 AM EST
[ Parent ]
Well, a debt-equity swap is a way to restructure debt, something that is unlikely to happen without an intervening bankruptcy or the threat of it.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Mon Oct 27th, 2008 at 06:44:15 AM EST
[ Parent ]
...or the threat of repossessions/foreclosures...

Repossessions up by 71%

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Tue Oct 28th, 2008 at 03:02:23 PM EST
[ Parent ]

Display:

Top Diaries

Duplicity

by Frank Schnittger - Oct 20
29 comments

So what went wrong?

by Frank Schnittger - Oct 22
7 comments

Ulster says NO!

by Frank Schnittger - Oct 17
44 comments

Trump's Presidency Transfixed

by ARGeezer - Oct 17
14 comments

Spain is not a democracy

by IdiotSavant - Oct 14
10 comments

Occasional Series