Govt. Claims/Sovereign Immunity

A Tale of Sovereign Restructurings: Venezuela and the CITGO Saga Discussion on the developments of Venezuela's indefinitely postponed external debt restructuring process and the individual execution efforts over the country’s most valuable assets in the US—CITGO’s network of downstream assets—in the context of the Crystallex litigation in Delaware. The session would highlight the tension between “first come / first served” principles guiding the current stream of individual enforcement / execution, and the creditor coordination features of a pure insolvency proceeding. The session will provide clarity on the status of the ongoing melee of court cases going after Venezuela's assets abroad, in the zoom-out context of the prospects for a broad, all-encompassing, debt restructuring process Creditor Suggested Speakers Roland Pettersson rpettersson@dra.com.ve D'Empaire

How the U.S. Banking System Really Works Coverage of :
How the Federal Reserve Really Controls Interest Rates - Post Great Recession - the game has dramatically changed and most of us didn't notice. https://www.stlouisfed.org/open-vault/2020/august/how-does-fed-influence-interest-rates-using-new-tools

How come we have both the OCC and the FDIC, and what's the difference?
Where does the "Insurance Money" Come From when a bank fails? It is really set aside like an insurance company, or did Congress swipe the money like they did the Social Security funds? Did SVB really shift deposit insurance to an unlimited amount?
What risks does the new Too Big to Fail Policy present for the U.S. Government, the taxpayers, and would a failed mega bank like Bank of America trigger a recession?
What is the new CERL testing and why should I care? Will this change the way banks manage their workouts?
Are credit unions as safe as regular banks?

Other Amy Quackenboss aquackenboss@abi.org ABI