Bank of America Extends More Credit to a Bankrupt Enterprise [View article]
This is what got the banks in trouble with housing. They didn't have the backbone to just say no to people they knew couldn't pay back the loans. Now they are going to support companies that are out of business just to help the unions. DUH
What Lewis wanted was the Countrywide Banks,, but he forgot he had to take the rest of the garbage with them. By now he should know that the garbage is stinking real bad and either redo the deal or run like hell. I would run as fast as I could.
BP Could Lose $20 Billion to Gazprom [View article]
As Russia does with their takeovers, watch China kick out investors after they set up businesses for them. They use our money, expertise, etc. then when they are making a profit, they will take the companies for themselves. Very risky investments.
"Reluctant Banks" Let Defaulted Borrowers Stay in Homes [View article]
The home builders won't stop building more houses (gotta get that market share). If they stopped, the backlog would clear out a heck of a lot faster. Oh well.
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"Reluctant Banks" Let Defaulted Borrowers Stay in Homes [View article]
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