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New Jersey Legislators Step Up Efforts to Protect Homeowners
In an attempt to minimize losses from the financial meltdown, the government was willing to help out these troubled investment firms in the form of a $700 billion bailout plan. Despite the huge amount, many...Mervyns Retail Chain Going out of Business; Will Liquidate All Stores
Department store chain Mervyns, based in California, had previously filed for bankruptcy protection in July 2008 and has now decided to liquidate assets in all of its 149 stores and terminate the business."The...
created by Terri Potratz | 4 years ago | updated 4 years ago
6752 views | 2 recommendations | 5 comments
6752 views | 2 recommendations | 5 comments
Lehman Approves $100 Million to Execs Before Failing
"Pay yourself first", conventional personal financial wisdom suggests. If you're a Lehman Brothers exec, these are words to live by. The board had approved more that $100,000,000 in executive payouts the day...
created by Jordan Yerman | 4 years ago | updated 4 years ago
531 views | 8 recommendations | 10 comments
531 views | 8 recommendations | 10 comments
Linens 'n Things to begin liquidating stores
Ready…set…shop! Linens n’ Things announced they will begin liquidating their stores as early as this Thursday, October 16h. All stores are expected to be closed no later than January 1st. ... The Bright Side of the End of Bennigans
With the recent news that restaurant chains Bennigans and Steak and Ale have declared bankruptcy, a possible silver lining is starting to emerge from the dark clouds of the American casual dining scene; the rise...
created by Huggingthecoast.Com | 4 years ago | updated 4 years ago
327 views | 39 recommendations | 7 comments
327 views | 39 recommendations | 7 comments
Lehman CEO Punched at Gym
The heads of these big banks are becoming targets. In this case it was a Lehman employee."While former Lehman CEO Richard Fuld was testifying before the House Oversight Committee Oct. 6, CNBC reported he had... Mortgage Applications Drop
"According to the Mortgage Banker’s Association, their mortgage applications index has plunged by 23 percent, from 591.4 to 455.4 during the week that ended September 26. With the collapse of Wall Street and subsequent chaos in the finance and banking industries, it has... Meet "Germany's Dumbest Bankers"
If you thought you've had a bad week at work, consider the plight of Peter Fleischer and Detlef Leinberger, two German bankers who cost their company more than 500 million euros by approving a fund transfer to Lehman Brothers after the investment bank had already declared...Wall Street Mess and the Foreclosure Crisis
"When America woke up this Monday morning, the news that hit them is certainly something that one will not expect. Investment giants Lehman Brothers and Merrill Lynch were suffering from losses so huge that the...How to get a cheque of $450 million, 9/15 when you file for bancruptcy CH.11 ?
How to get a cheque of $450 million, 9/15 when you file for bancruptcy chapter 11 ? Simpson bankers at work 9/15: Stupid german bank pays $450 million to Lehman Bros, money gone Great bank experts at work The... McCain economic policy shaped by lobbyist, contributed to mortgage crisis
"McCain economic policy shaped by lobbyistSwiss bank paid McCain co-chair to push agenda on U.S. mortgage crisisTimothy A. Clary / AFP - Getty Images fileRepublican Presidential candidate U.S. Senator John McCain... 300 views | 10 recommendations | 2 comments
Leading American Insurer AIG close to bankruptcy
Leading American Insurance company American International Group Inc. is in the bad shape and likely to file for bankruptcy. However they have been allowed to use $20 billion of assets held by its...
created by Sanjay Jha | 4 years ago | updated 4 years ago
846 views | 54 recommendations | 6 comments
846 views | 54 recommendations | 6 comments
Lehman Bros., Merrill-Lynch and More Financial Round-Up
A volatile mix of bankruptcy notices and buyouts from some of the most well-established investment banks and insurance companies in the world this morning led to widespread market crashes across the globe....
created by Rob Walker | 4 years ago | updated 4 years ago
392 views | 24 recommendations | 4 comments
392 views | 24 recommendations | 4 comments
Lehman Brothers Holdings Inc. (NYSE: LEH) Files For Bankruptcy
Interview with Tom Barkley, assistant professor of finance in the Whitman School of Management at Syracuse University. Lehman Bros & Merrill Lynch Learn a Lesson.
The International Institute of Nonviolence News&Opinion By: Rev. Jermano 158 year old Lehman Brothers filed for chapter 11 Bankruptcy today with 60 billion in debts, and Bank of American has offered to... Top Members Today
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