What is Beijing's response to the slowing economy and intractable debt accumulation that was just underscored by Moody's: issue a mountain of new debt in order to pave over 60 countries around the globe?China's One Belt One Road (OBOR) Initiative seeks to answer the age-old question of what a maniacal communist country does when they have exhausted the building of unproductive assets at home.He is the founder of North Country Capital, an investment and advisory firm where he currently serves as President. Doheny served as a Managing Director and helped lead the Distressed Products Group of Deutsche Bank Securities Inc. Prior to Deutsche Bank, he was a bankruptcy attorney in the corporate reorganization groups of Orrick and Kelley Drye. Doheny currently serves on the boards of YRC Worldwide Inc, Affinity Gaming, Arcapita Inc (RA Holdings) and Eastman Kodak Inc. After his time at Price Waterhouse, he served as a Senior Managing Director at FTI Consulting. Weber has served on the Contra Costa Civil Grand Jury, performed occasional independent consulting projects and assumed board/trustee positions. Weber currently serves on Board of Directors of winery Truett Hurst, Inc., and chairs the audit committee.Previously, he was a Managing Director and Co-Head of Special Situations Trading at HSBC Securities, where he headed up credit research. Doheny was a portfolio manager at Fintech Advisory Inc., a hedge fund focusing on undervalued securities and turnarounds in the U. He received a BA from Allegheny College and a Juris Doctor from Cornell Law School. The Res Cap Liquidating Trust was established in December 2013 under the Second Amended Joint Chapter 11 Plan of Residential Capital, LLC, et al.The answer: China hits the road and attempts to rebuild the ancient trade routes once called the Silk Road; but in a much bigger way.With 52 million new homes built over the last few years that have a 10% occupancy rate, China has truly become masters of the "road to nowhere." The OBOR will attempt to connect Asia, Africa, and Europe by land and sea with state-of-the-art trading routes.The Cornerstone Program utilized a variety of funding sources including HPD's Low and Mixed Income Programs , New York City Housing Development Corporation's New Housing Opportunities Program (New HOP), Low Income Affordable Marketplace Program (LAMP), and its former Affordable Cooperative Housing Program, New York State's Affordable Housing Corporation (AHC), Housing Trust Fund (HTF) and Homes for Working Families Program (HWF), and the New York City Housing Partnership Development Corporation.
Matt Doheny has over twenty years of experience in the distressed investing, turnaround and restructuring industry. Weber has over 35 years of experience in litigation support and expert witness work, restructuring consulting (both debtor and creditor) and auditing. Weber began his career at Price Waterhouse and served in a variety of positions and practices (including a 2-year foreign tour), leaving as a partner after 22 years.FINRA is dedicated to investor protection and market integrity through effective and efficient regulation of broker-dealers. We’re a not-for-profit organization authorized by Congress to protect America’s investors by making sure the broker-dealer industry operates fairly and honestly.We do this by: Our regulation plays a critical role in America’s financial system—by enforcing high ethical standards, bringing the necessary resources and expertise to regulation and enhancing investor safeguards and market integrity—all at no cost to taxpayers.In the later rounds, preference was given for mixed income projects that provided the greatest mix of affordability, using the least amount of subsidy.Fifty-one (51) sites were awarded through four rounds of the Cornerstone Program, initiated in 2000.