Brazen
- ISBN: 9789813275560
- Encuadernación: Sin formato definido
For nearly two decades countless nonprofits in the US were forced to pay big banks enormous sums of money to settle or terminate bilateral contracts known as Interest Rate Swaps IRSs Officials at nonprofits had entered into these costly contracts unaware that each contract has only one winner and that big banks did not intend to be the losersThe effects of such monetary transfers have been catastrophic Moneystrapped nonprofits had to dismiss schoolteachers shut off water supply to thousands of poor households and downsize many other essential public services Local and state governments public school districts universities hospitals and transit authorities from New York to Los Angeles have been among the largest hitThis book presents selected cases and highlights the lack of evidence that decision makers at nonprofits had fully understood the terms and complexities of IRSs The evident unequal bargaining power thus gives rise to the high likelihood of unconscionable contracting Additionally for terminating these contracts big banks collected huge sums of money for services that had not been and will never be rendered Accordingly questions arise as to whether these termination payments are tantamount to unjust enrichment
Brazen: rebel ladies who rocked the world (edición en inglés)
Libros recomendados si te gusta Brazen
