Law:

Fifth Circuit Recommends Impeachment Of Federal District Judge Porteous For Allegedly False Bankruptcy Statements
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5th Circuit Judicial Council Says Evidence Supports Federal Judge's Impeachment
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Judge Kent probe might take a long time
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Squire Sanders Selects Thomas J. Salerno and Andrew O. Visintin to Lead International Insolvency Group
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Chicago law firm snags 2 bankruptcy partners
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New Pitfall Opens Over Legal Advice
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Davis Polk Rolls Out New Parental Benefits
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Survey Results: Bonuses (Chicago)
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Law Firm Holiday Swag: What Did You Get?
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Justice Thomas Doesn't Like His Job
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Fewer Women Are Seeking Law Degrees
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Firm's email sparks Scrooge accusations
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Judge dismisses high-profile LA lawyer's suit against state bar
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Companies Still Struggling to Find Way on E-Discovery
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Larry Savell Rocks: "Santa's General Counsel"
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Jewish associate sues Allen & Overy for race discrimination
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No LLP Shield in Disputes Among Law Firm Partners
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Despite Down Year, BigLaw Firm Re-Elects Chairman
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Milberg Weiss Trial to Remain in L.A., Judge Rules
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Experts Differ on Rights of Lawyer Who Criticized Judge on Blog
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Can Clients Choose Their Lawyers?
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Why Do Firms Merge?
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Blackwell Sanders and Husch & Eppenberger law firms to merge
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Mayer Brown to merge with Johnson Stokes & Masters
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Mayer Brown Is A Woman Now
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Class-Action Cases Rise, Fueled by Subprime Troubles
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In Witness Killing, Prosecutors Point to a Lawyer
(NYT: separate free registration required)

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Wall Street:

Bear Stearns Posts Loss After Mortgage Writedowns
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Bear Stearns: From Bad To Worse
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Bush tells Wall St to shoulder hits now
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Merrill Bracing For $8.6B Hit
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Bush Says Housing Slump Requires Transparency on Wall Street
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Goldman, Lehman, Morgan Lift Bonuses; Bear Cuts Them
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Wall Street Bonuses Surge 14 Percent
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The Year of Puncturing Wall Street Orthodoxy
(NYT: separate free registration required)

Futures Higher on Report Merrill Will Get Cash from Singapore
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Lehman Faces Lawsuit by Australian Municipal Councils
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Celebrity:

Jacko: Plaster of disguise
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Transport:

FedEx Profit Declines 6.3%
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Aviation:

Big Sky parent company cuts off capital
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Mair Holdings shutting down, transferring Big Sky routes
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Kitty Hawk deal gets court OK
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Alitalia board to pick buyer, Air France favored
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Rating Agencies:

How ratings agencies could cost us trillions
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The Ratings Game
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Health Care:

Sunrise executives leave after investigation
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AMH gets huge gift
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In Haven Case, Watchdog Resigns
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Hospital On Verge of $42M Sale
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Judge: Malpractice claims to proceed amid bankruptcy
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Barnert details top bidder
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Feds, union move to block Monsour sale
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Bay Ridge hospital shuts baby unit
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Corporate Reform:

Ex-Brocade CEO's Sentencing Put on Hold
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SEC probing three dozen securitization cases
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Credit Cards:

Credit card spending is like playing footsie with a bear trap
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Discover Posts Loss on Charge
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M&A:

Private road to nowhere? Buy-out teams face a bumpy ride now that raising debt is hard
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Corporate Governance:

The Storm over a Corporate Pay Study
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Retailing:

Circuit City Grants Pay to Stay
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Credit Reporting:

FICO credit score gets makeover
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Real Estate:

American Home Gets Ch 11 Extension
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Novastar Financial's top executives finally leave
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SEC Probes WaMu on Appraisals
(WSJ: separate paid subscription required)

Fraud Seen Driving Foreclosures
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Mortgage rates up slightly
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Mortgage fees get more expensive for many borrowers
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Tent city in suburbs is cost of U.S. home crisis
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Bush signs bill to aid ailing homeowners
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Builders: Home prices down until 2009
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Housing in "unprecedented situation"
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Remarks by the President at Signing of H.R. 3648, the Mortgage Forgiveness Debt Relief Act of 2007
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Rate freeze not the key, Paulson says
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Jesse Jackson Visits To Inspire Lending Victims
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GMAC Tender Offer Struggles
(WSJ: separate paid subscription required)

Trial lawyers, state prosecutors, and regulators look for the crime in subprime
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Waimea developer can't pay his debts
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Hawaii resort owner defaults on $283M loan
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Homeowners inherit Neumann tax debt
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Charges called the first wave in fraud probe
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Solving the Mortgage Crisis May Require a Guardian Angel
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CA Senate Democrats unveil mortgage crisis measure - Lenders would meet face-to-face with clients to discuss loan restructuring
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Mortgage overhaul planned by Fed for the new year
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Mass Torts:

A Line in the Dust - Asbestos lawyers have had their way with bankrupt companies so far. W.R. Grace hopes to change all that.
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Some Lawyers Seek Changes in Vioxx Settlement
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Autos:

Lead bidder set for Delphi steering unit
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GM Sells Part Of Self To Navistar
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Delphi Corp. can keep exclusive control over bankruptcy
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Chrysler Faces Financial Pinch, Sees Asset Sales
(WSJ: separate paid subscription required)

Chrysler moves perplex union
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With Detroit Downbeat on 2008, Its Suppliers Are Singing the Blues
(NYT: separate free registration required)

'No rules' are now the norm
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Fox Collision hits a wall
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Finance:

MBIA Bond Risk Soars on $8.1 Billion CDO Disclosure
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Big Bond Insurer Discovers That Layers of Risk Do Not Create a Cushion
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Safety Net Less Certain for Bonds
(WSJ: separate paid subscription required)

MBIA Details Huge Mortgage Exposure, Shares Collapse
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Fitch Places MBIA on Rating Watch Negative on CDO & RMBS Review
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MBIA says it has $30.6 bln exposure to CDOs
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ACA woes trigger more bank write-downs
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Commercial paper drops 3% in one week
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Economy:

US economy growing at record rate
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Bush says "all options" on table to help economy
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Leading Indicators Dropped in November
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Bush Says U.S. Economy Sound, People `Concerned' About Housing
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Initial jobless claims rise 12000 to 346000
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Good, bad news in new economic statistics
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Subprime crisis impacts European, U.S. growth: IMF
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Worries Remain After Fed, ECB Moves
(WSJ: separate paid subscription required)

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Furniture:

Group pays $12.9M for Sofa Express liquidation rights
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Horse Racing:

Spitzer installs new head of state's horse racing oversight board
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Bailey Added to Guild Creditors' Panel
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Hedge Funds:

Hedge fund manager Bass predicted meltdown, shorted subprime and made billions
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Hedge Put into Receivership Over $1.83M Debt
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Predatory Lending:

Let's rein in 21st century loan sharks
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Tax:

Judge orders IRS to pay $28M to former FirstPay clients
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I.R.S. Says Bill Would Aid Tax Fraud in Virgin Islands
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Forgiven mortgage debt tax eliminated
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Municipalities:

OC treasurer tripled stake in controversial investments
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Investment managers at the Florida State Board of Administration received bonuses totaling $50,000
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Jewelry:

Jewelry Chain Owners Leave Customers In Limbo
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New Bankruptcy Opinions
(No new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
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Recent Ch. 11 Filings
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Bankruptcy Jobs:

(1), (2), (3), (4), (5), (6), (7), (8), (9), (10), (11), (12)
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The easy way to monitor bankruptcy claims trading www.ClaimTradingAlerts.com 30-Day Free Trial

Moody's expects big jump in non-financial company defaults next year
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Bankruptcy Reform:

Stop the mortgage bankruptcy bill
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Projecting the Past
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Bankruptcy Reform and Interest Rates: Who Do You Believe?
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Politics:

Bankruptcy attorney big Clinton donor
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Hil's Brother A Deadbeat
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Banking:

SunTrust Invests $1.4 Billion to Protect Money Funds
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BofA CEO worries about creditworthy borrowers defaulting
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Quick Money for Scared Lenders
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Subprime infections make financial sector a ticking time bomb
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Banks limit job cuts for fear of missing rebound
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Saudis bought UBS stake along with Singapore
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Timber:

PALCO expanding its options
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Bankruptcy Crimes:

Jury finds drug kingpin's sister not guilty
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Student Debt:

Higher Ed Chief Concerned About Students' Credit Card Use
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Half of Md.'s students use credit cards to pay tuition
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Chemicals:

New Solutia stock begins trading
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Gambling:

Lenders spare Tropicana from bankruptcy
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Food/Drink:

Interstate Bakeries wants details about bidder's plan
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Interstate Bakeries gets credit extension
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Captain D's Franchisee Goes Bankrupt
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Universal Food Creditors Oppose Deal
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Buffalo Wild Wings to buy 8 restaurant sites from Avado Brands
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UK:

Root out bad debt or more pain will follow
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Woman takes out loan with 2.5 million per cent APR
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Repossessions likely to rise by more than 50%
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We're All Living On Fantasy Island!
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Northern Rock: is time starting to run out?
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Canada:

Top court won't hear appeal of case which could bankrupt consumer group
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Other banks could follow CIBC pratfalls
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Who's minding the shop at CIBC?
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Italy:

Trial Asked For 10 Citibank Executives In Parmalat Case
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France:

Credit Agricole announces 1.6-billion-euro writedown due to subprime crisis
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Australia:

Australia's Mortgage-Backed Bond Losses May Rise, Moody's Says
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Aussie blue-chip triggers sub-prime shockwave
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Option2Buy latest credit crisis victim
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Moody's may downgrade Centro securities' credit ratings; Fitch affirms ratings
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Mexico:

Mexico's Bonds Reverse Gains on Mounting Credit Market Losses
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EU:

Critics Call for ECB Rate Cut
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ECB drains more cash to balance short-term rates
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Hong Kong:

Bankruptcy petitions fall 14.3%
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Germany:

German state bank KfW faces 5.0-bln-euro subprime burden
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Japan:

Sumitomo Mitsui rejects help to U.S. subprime mortgage bailout plan
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