My commercial transactions professor can’t stop bringing up his support of modifying mortgages in bankruptcy.  He keeps arguing that modifying mortgages in bankrtupcy won’t make mortgages more expensive.  In his words, “the economics doesn’t back it up.”  He also doesn’t think that there will be a rush on bankruptcy courts.  Finally, he likes to come [...]

What’s up with all the new bailouts?  The original $700 billion bailout made headlines for days and had the entire nation’s attention.  Everyone cared about what happened.  After one rejection, it got approved.  Now the government has pushed through more bailouts, the latest being a bailout of Citigroup.  The total bill is now $7.7 trillion [...]