Perhaps most sobering for U.S. taxpayers and creditors are some robust assumptions made in the report.
Because it actually means that investors' and creditors' confidence in banks has been falling.
But the reorganization deal got squashed, and Winget--who still owns the company--and creditors remain in negotiations.
So, for example, RBS could repay its Irish subsidiary's depositors and creditors in devalued Irish punts.
The battle between borrowers and creditors may be the defining struggle of the next generation.
Credit scores generated for consumers and creditors can vary as a result, sometimes significantly so.
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Of course, donors and creditors do not always live up to their responsibilities either.
Shareholders and creditors are due to meet on 15 March when the company is expected to be liquidated.
Clients continued to flee and creditors refused to lend to the firm, which had suffered from major credit-related write-downs.
The key question about compensation limits is why shareholders and creditors have not imposed these on bank executives already.
The creation of multiple layers of trusts, for no obvious reason except perhaps to confuse the IRS and creditors.
Both shareholders and creditors have expressly said that business must actually live and breathe their corporate codes of conduct.
Because our daily lives are filled with liability exposure, it makes sense to protect your assets from lawsuits and creditors.
If debtor countries like Greece or Spain default, that just means they are richer and creditors like Germany are poorer.
Fiat ( FIA - news - people ), with the remainder held by the government and creditors.
Since serious debt-restructuring efforts did not begin until earlier this year, most of Thailand's debtors and creditors are still talking.
In order to keep paying bondholders and creditors, Gabayzadeh moved to refinance the whole operation in the summer of 2001.
Back then big banks barely had enough cash to meet demands for repayment from relatively small numbers of depositors and creditors.
And creditors will not supply fresh money to a country that has yet to repay the old money it owes them.
Bigger banks, meanwhile, have a larger proportion of big uninsured depositors and creditors available for "haircuts, " allowing small depositors to be spared.
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"Public safety is paramount, " said Bernstein, managing partner of the Banking, Bankruptcy and Creditors' Rights Practice Group for Michigan-based Plunkett Cooney law firm.
The company says that its reps will occasionally put consumers and creditors on the line together to try to hash out a disagreement.
Investors and creditors of Irish banks liked the move, which recalled one of the actions taken by Sweden during its feted 1990s bail-out.
Last month, a High Court judge reserved judgement on whether or not investors and creditors are eligible to get some of their money back.
If large state dominoes start to fall and creditors are forced to the table, it could lead to rehashing of the widespread fears from 2008.
America's Chapter 11 has been criticised for being too lenient on companies, but it is well tested, predictable and accepted by debtors and creditors alike.
France's banks are perceived to be weak by investors and creditors.
The switch would be hugely costly for debtors and creditors alike.
But he is doing former shareholders and creditors a big favour.
The ECB's bond-buying programme may save the euro but it is also a step towards the permanent division of Europe into debtors and creditors, he said.
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