American Icon General Motors Corp.(GM) has gone bust.Yesterday,the motor giant,once hailed by Time as a symbol of American success, collapsed in landmark Chapter 11 bankruptcy with 88,000 employees.Amid the worst...
opinion by WisdomMountain | 3 years ago | updated 3 years ago 366 views | 10 recommendations | 0 comments
Banks are invoking a 4-year-old accounting rule that standardizes how they book bad loans. The rule will help boost banks’ revenues and reduce Bank Owned Foreclosures."A 4-year-old accounting regulation that standardizes how banks acquired loans is expected to help the...
created by cassy82 | 3 years ago 172 views | 0 recommendations | 0 comments
Hell has a special place reserved for those who prey on the innocent, but until those scam artists fill their reserved slots we all need to make sure we learn how to spot them. ...
opinion by TBeagle | 4 years ago | updated 4 years ago 264 views | 0 recommendations | 0 comments
"After his stint on Wall Street, Michael Lewis wrote Liar’s Poker, a famous book that gave an inside story of the high-rolling Wall Street of the 80’s, with its exorbitant salaries and careless handling of...
created by hungeski | 4 years ago 316 views | 0 recommendations | 0 comments
Economic turmoil often brings about changes in crime trends, and the current Wall Street crisis is no exception. This is another installment for the "how does the lending crisis affect me?" files...The bank...
created by Jordan Yerman | 4 years ago | updated 4 years ago 93 views | 0 recommendations | 0 comments
Good news for Washington Mutual customers for now.""Life is exactly as it was for Washington Mutual customers on Friday as it was on Thursday except they are now backed by a bigger, stronger bank," says...
created by mtippett | 4 years ago | updated 4 years ago 100 views | 0 recommendations | 0 comments
" Now children of all ages can join Howdy, Buffalo Bob, Clarabelle and the lovable Doodyville characters in a good family atmosphere, the way it used to be. You will agree ... GREAT CHILDREN'S PROGRAMMING...
opinion by Edmund Jenks | 4 years ago | updated 4 years ago 433 views | 2 recommendations | 1 comment
Think you've lost some money? Not even close. Private equity firm, TPG, lost $1.35 BILLION because they invested in Washington Mutual six months ago. If you've missed the news recently, WaMu just crashed, burned,...
created by Jason Sanders | 4 years ago | updated 4 years ago 342 views | 0 recommendations | 0 comments
The International Institute of Nonviolence News&Opinion By: Rev. Jermano Hello Folks.....and another one bites the dust.. Washington Mutual with 307 billion of junk assets is the biggest to kick the...
opinion by djermano | 4 years ago | updated 4 years ago 2816 views | 10 recommendations | 10 comments
Washington Mutual has foundered in the stormy seas of Wall Street, and has been salvaged by JPMorgan Chase. When I read the news while patrolling the site this morning, I immediately checked my own account,...
created by Jordan Yerman | 4 years ago | updated 4 years ago 3399 views | 14 recommendations | 4 comments
"AP - Washington Mutual Inc., the nation's largest savings and loan, has notified 1,400 workers in Washington and Florida that they will lose their jobs as part of the company's cost-saving strategy."
created by Populux | 6 years ago 97 views | 0 recommendations | 0 comments