Posing as two overseas financiers offering to buy up
distressed government assets, reporters from the Sunday Times this month gained access to Mr Cruddas through a lobbyist.
Not exact matches
These transfers are done through bankruptcy proceedings, the liquidation of corporate or personal
assets under
distress conditions and (in the case of
government debts) privatization sell offs.
If Charles Keating had sold his most
distressed assets to the
government, instead of the Feds taking over his company, his balance sheet would have been strong, and his S&L could have kept on extending credit.
These groups provide clients with news, information and analysis on the financial crisis and help clients deal with
distressed assets, litigation, regulatory and
government enforcement matters.
Allen & Overy took the award for Banking and Finance Team of the Year, sponsored by Cantab
Asset Management, for advising Blackstone and Goldman Sachs on the acquisition and securitisation of a portfolio of buy - to - let mortgage loans being offloaded by the UK
Asset Resolution, a
government agency set up in the wake of the 2008 financial crisis to manage the mortgage portfolios of
distressed and rescued banks.
National
governments suffering from severe budget shortfalls often have a
distressing habit of suddenly confiscating private
assets held in conventional bank accounts.