Tag: financial

March 10, 2014 0

Spain Modifies Bankruptcy Laws to Prevent Corporate Liquidations; 65,000 Companies, 1.3 Trillion Euro Delinquencies in Play

By News Desk

Followup post by el Economista The Ministry of Economy approved the bankruptcy reform legislation to save viable businesses including a provision that transforms debt into equity . If creditors representing at least 60% of the financial liability agree, forced conversion of loans into equity may last up to five years. If creditors representing at least 75% of the financial liability agree, forced conversion of loans into equity may last ten years

March 5, 2014 0

Texas Democrat Senatorial Candidate Wants to Impeach Obama, End Obamacare; Other Interesting Primary Results

By News Desk

According to The Hill … Rogers supports impeaching President Obama, repealing ObamaCare and “crushing Wall Street.â€Â  She also advocates the reinstatement of the Glass-Steagall Act to limit securities trading, and has a detailed plan for space exploration and harnessing thermonuclear fusion energy. In the past, she’s drawn Hitler mustaches on Obama posters and likened ObamaCare to practices of Nazi doctors