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515
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Healing Housing Market Needs More Time to Recover
Some financial analysts believe the battered housing market needs, yet, another three years to fully recover. While reports from the media tell us “things are getting better,” there are some lingering and hurtful factors which are affecting the housing market’s recovery process.
Posted on May-17-2010
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573
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Goldman Sachs Under Intense Criminal Investigation
The Justice Department, only two days after Goldman Sachs’ executives were grilled and humiliated by lawmakers, has launched a full-on, criminal investigation of Goldman Sachs’ mortgage securities deals.
Posted on May-16-2010
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554
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CIT Group Turns Profit Since Bankruptcy Protection
The CIT Group Inc., a New York based business lender, announced it turned a profit its first quarter since it went through its bankruptcy protection process. This can mean a lot to both the small and midsized businesses which receive financial assistance from CIT Group.
Posted on May-13-2010
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538
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A Shaky Roller Coaster Ride for Six Flags
In Delaware, Six Flags bondholders, who have been fighting over control, told a bankruptcy judge recently they have agreed on a revised Chapter 11 reorganization plan, for the theme park operator.
Posted on May-12-2010
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600
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President Shames Banks and Bailouts
President Barack Obama was recently very direct and on target when making his case for financial reform, close to where the economic crash all began—near Wall Street at the Cooper Union, in lower Manhattan. He, rightfully, blamed the fiscal meltdown, only two years ago, on bankers’ “failure of responsibility.
Posted on May-04-2010
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857
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Over 1.2 Million Homes Gone Due to Recession
This week, a recent report from the Mortgage Bankers Association, shows 1.2 plus, million households have been lost in the recession.
Posted on Apr-29-2010
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586
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Government Mortgage Assistance May Lead to Poor Credit Scores
The nearly $75 billion, Making Home Affordable program, introduced by the Obama administration, is effecting homeowners’ credit scores. While the program is certainly helping borrowers avoid foreclosure, it may come at the cost of lowering their credit scores.
Posted on Apr-09-2010
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565
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Potential Bankruptcy Hits the Big Screen: Sinking MGM Gets More Time to Settle Tremendous Debt
On Mach 31st, the once major film studio, MGM, now struggling, with its head barley above water, won a bonus six weeks to pay their off their enormous debt;
Posted on Apr-09-2010
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