" In many parts of the country, it can certainly go a long way. In other areas, however, even with the unprecedented drop in home prices over the the past three years, a seven-figure price tag doesn't necessarily get you an ultra-luxurious apartment or big house in the...
Costa Rican Ex-president Rafael Ángel Calderón Fournier (1990-1994), was found guilty of peculation in what was known as the Caja-Fischel case, which culminated in the largest corruption scandal and the first...
created by Arbol | 9 wks ago | updated 8 wks ago 343 views | 15 recommendations | 2 comments
The British Columbia government announced today that it is ending the leaky condo loan program, due to the decrease of revenue coming in at a time of recession. ""The financial viability of the program has severely declined and can no longer be sustained," the government...
Despite opposition from US, UK and France, IMF approved the loan of 2.5 billion dollars to Sri Lanka.It is not clear how IMF will ensure the money will not be spent again on military and ethnic...
The $3 billion Fontainebleau Las Vegas resort project filed for Chapter 11 bankruptcy protection late on Tuesday, after a group of lenders pulled out of an $800 million loan that was needed to finish the...
created by Amy Judd | 26 wks ago | updated 26 wks ago 217 views | 2 recommendations | 0 comments
After Britain, the US is the second country which appears to be opposing the massive loan from the IMF to Sri Lanka, which is currently under consideration.Countries like Sri Lank begging for loans must first stop their war. They have enough money for weapons to kill their...
It is reported that Mexican Finance Minister Agustin Carstens said Mexico would receive the loans of over $200 million from the World Bank to support Mexican economy while the country is combating the emerging...
created by Yuliya Talmazan | 32 wks ago | updated 32 wks ago 339 views | 38 recommendations | 1 comment
UPDATE MARCH 8th: I'm happy to report that things are looking up for the Sleeper family - it looks like they'll be getting private financing to keep their family "cave", after all. Here's an...
The German bank that's involved in the financing of three high profile public-private partnership (P3) projects in British Columbia may be partially nationalized by the German government. Hypo Real Estate (HRE)...
created by mike_yvr | 46 wks ago | updated 46 wks ago 140 views | 3 recommendations | 0 comments
Ford decided that they don't need a loan at this time.GM and Chrysler will take the money. This will not solve theirproblems but it will give them three monthsto begin making needed changes. "President Bush...
A $14 billion bailout has been approved for the US auto industry tonight - the struggling Big Three. They are Chrysler, Ford and General Motors."Republicans in the House and the Senate said throughout the day that...
created by Amy Judd | 1 year ago | updated 1 year ago 113 views | 15 recommendations | 4 comments
Senate Majority Leader, Harry Reid says there will be a vote on the Auto Bailout dispite Congressional Republican Opposition. The vote will be today or Wendsday."Congress and the White House are working...
I offer the following straight off the Ford PR presses."DEARBORN, Mich., Dec. 8 – As we told Congress, Ford is in a different position. We do not face a near-term liquidity issue, and we will not be seeking a short term bridge loan. But Ford fully supports an effort to...
UPDATE 2:38 EST: The US treasury department has revealed it is going to provide an unprecedented $7.76 trillion for guaranteeing Citigroup's debt in a bid to rescue the frozen credit markets for consumers."The...
created by Dave Keating | 1 year ago | updated 1 year ago 117 views | 8 recommendations | 0 comments
The government's multibillion-dollar bailout of Citigroup Inc. requires the giant financial services company to lower loan rates for struggling homebuyers who are behind on their mortgage payments. This rescue...