With Spain's economy struggling to stay afloat amid the world financial crisis, executives from smaller, debt-laden clubs warn that the workload for bankruptcy courts is bound to rise.
IF our holdback measure had been in place before the last crisis, executives might have had serious second thoughts about giving a green light to mortgage-backed securities that would later go bust.
Likewise, when profits seemed bloated during the California crisis, executives said, it became common to give trades a "haircut," shifting a portion of the profits into a reserve that could later be drawn down.
Crisis chief executive Jon Sparkes said he had been shocked by the findings.
"Credit Agricole has paid the price of this crisis," Chief Executive Georges Pauget told reporters, according to Reuters.
The fare gap has deepened the airline industry's crisis, the executive, David N. Siegel, said in an interview yesterday afternoon.
It's true that, as Barry Ritholtz wrote Tuesday for Bloomberg View, in times of crisis, the executive branch will almost always feel free to ignore legal constraints.
The situations are fundamentally different, said Stephen Berger, who helped shepherd New York through the 1970's crisis as executive director of the New York State Emergency Financial Control Board for the city.
The Gay Men's Health Crisis chief executive, Kelsey Louie, said that New York was seizing an "historic opportunity" to make progress in the fight to end Aids.
The Gay Men's Health Crisis, its executive director, Ana Oliveira said, now has a budget of $22.2 million, a full-time, paid staff of 187 people and a larger caseload each year.
