Hypo Alpe Adria Bank guarantee, offered a debt hair-cut to buy the senior bonds for 75% face value and 30% face value for subordinated bonds. On 4 August 2016, a private equity fund advised by Bain Capital purchased Heta Asset Resolution Italia S.r.l. (former Hypo Alpe-Adria Leasing S.r.l.) from Heta. During the year, Financial Market Authority also made a debt hair cut using the power as a resolution authority of EU "Bank Recovery and Resolution Directive", making the bad bank had a positive equity for the first time. Hypo Alpe Adria Bank Heta Asset Resolution A.G. is a "bad bank" that was the residual
Americans Standing for the Simplification of the Estate Tax over-purchase life insurance, which they say diverts resources away from investment and job creation. The proposal by ASSET has been guided by Rep. Steny Hoyer, Rep. Chris Van Hollen, and Senator Ben Cardin in Maryland. In late September 2013, ASSET hosted a discussion panel on the estate tax that was moderated by Tax Foundation President Scott Hodge, with panelists Grover Norquist from Americans for Tax Reform (ATR), Chuck Marr from the Center for Budget and Policy Priorities, and former Senator Bob Bennett (R-UT). At the panel, Bennett stated that ASSET's plan for reforming the estate tax offered the best solution