If that is the way things are headed, laments Mr Sauer, liquidating the paper may sadly be the best and most "elegant" solution.
Since this will involve liquidating debtors, including many small firms, it is unpopular with politicians, who will resist any money that comes with strings attached.
Borders, once a retail behemoth, is liquidating all of its American stores.In this section Great digital expectations Spine chilling Portal exit Left to their own devices Many patents, still pending All charged up for sharing Long walk to innovation ReprintsHaving started rather late, books are swiftly following music and newspapers into the digital world.
And reserves are an attractive vehicle for that: they are one of the world's few remaining risk-free assets, and at 0.25%, they pay more than Treasury bills.Finally, some banks are clearly liquidating reserves as their private funding dries up.
Short of liquidating the firm, a mixture of asset sales and a debt-equity swap may be the lesser of many evils.
AS BORDERS started liquidating its remaining American bookstores last week, the death knell for print books in the digital age tolled ever louder.
The terminally ill can file for "Chapter 7", which focuses on liquidating their assets and distributing them among creditors.
The judge overseeing the case has consented to a quick, "prepackaged" bankruptcy, which seems to give little scope for creditors to argue their case or pursue the alternative of liquidating the company's assets.
In particular, liquidating the WSI, the military intelligence agency and one of Poland's last outposts of unreformed communist-era bureaucracy, was a central theme of last year's election campaign.One of the politicians keenest on sorting out the WSI was Radek Sikorski, who had already served in two post-communist governments.
I would classify moving into a homeless shelter with my children as a bad enough outcome bad enough to justify liquidating all of my assets.
Since such moves were the fund's undoing, that would have made liquidating its positions even more expensive.
