Strategy Driven

NOVEMBER 7, 2013

With both banks highly concentrated in the weak Texas real estate market, the deal ended up helping neither bank. A letter from the IRS allowed the acquirer to treat the deal as a “tax-free reorganization and to carry forward losses from the failed banks to offset future income,” according to the FDIC’s analysis 3.

Banking 50

Banking Real Estate Insurance Handbook 50

Harvard Business Review

DECEMBER 5, 2013

Christopher, a seasoned real estate executive, left his job in early 2013 to move to a competitor’s firm. Less than three months later, he received a call from his former boss Theo — in search of a reference letter himself. How should Christopher respond? Could he say no, and tell Theo off? They include: 1.

Reference 8

Reference Letter Real Estate Tactics 8

Harvard Business Review

NOVEMBER 21, 2012

So now, in 2013, they're all due to expire. This product of the debt limit battle of 2011 set up a bipartisan "super committee" of legislators charged with coming up with a deal to the reduce the deficit, with $100 billion or so in Gramm-Rudman-style sequestration to follow in 2013 if the super committee failed (which it of course did).

Budgeting 8

Budgeting Bond Committee Commitment 8