Update: What's Ahead for laid off Lehman Workers NY? London? 16 000 jobs lost...

VIDEO: LEHMAN  OFFICE WORKERS LAID OFF INTERVIEW READ MORE > .....The collapse of Lehman Brothers could be catastrophic and could lead to "implosion" of the Banking sector Opinion Solarlife,  Money...

European shares tumble on Lehman bankruptcy

European markets are not reacting well to the news that Lehman Brothers and Merrill Lynch are filing for bankruptcy and are not going to be bailed out by the US government. Across the continent, the markets are taking a dramatic dive. This does not bode well for Wall Street...

Lehman Bros files for bankruptcy - Breaking News - BBC

"Lehman Bros files for bankruptcy"The fourth-largest investment bank in the US, Lehman Brothers, has said it will file for bankruptcy protection, amid a growing global financial crisis. Lehman had incurred losses...

Wall Street banks fight for life

It's bloodbath in stock market everywhere. The meltdown started after one of biggest investment bank on the Wall street Merrill Lynch was bought over by Bank of America. Merrill Lynch, the Wall Street investment...

Lehman To Declare Bankruptcy as Wall Street Trembles

After yet another weekend of frantic behind the scenes negotiations, those in the know say Lehman's will declare bankruptcy, the largetst banking institution to do so since the collapse of Drexel Burnham, 18 years...

Government bail-out for Detroit's automakers as bankruptcy looms

Evidently, once one of Detroit's Big Three declares bankruptcy, then the other two will be forced to do the same, just to remain competative with the first one to declare! In an effort to avoid this very...

Low Income Renters: New Victims of Foreclosures

If you thought that the only ones severely affected by the foreclosure crisis are the lenders and distressed homeowners, you are in for another surprise. It would seem that even the low income renter are suffering...

Health Scare: 79 Million Americans Struggle to Pay Medical Bills

"Affordable health care has become a consistent struggle for Americans, a new study reveals. More than 79 million Americans admit to having problems paying for their medical bills. Also, 61 per cent of those with medical debt are insured. ""61% of those with medical debt are...

Distressed Borrower Commits Suicide Over Foreclosure

Less than two hours before her home was scheduled to be auctioned, a Massachusetts woman decided to commit suicide by shooting herself. This unfortunate news shocked Americans and forced many to think if it is a...

Michael Vick Files for Bankruptcy Protection

Former NFL star quarterback Michael Vick, who is currently serving a two-year sentence on dogfighting charges, has filed for bankruptcy protection, claiming that he owes up to $50 million in creditors.It's...

Merrill says GM bankruptcy "not impossible"

I guess that whole SUV thing was a bit short sighted..."DETROIT (Reuters) - General Motors Corp (GM.N) will need to raise as much as $15 billion in cash to shore up liquidity and bankruptcy is "not impossible"...

The Penny King Advising the Bank of England and Foreign Kings to Dump U.S. Ba...

The Penny King recently was reported to be advising "The King of Saudi Arabia", the "King of Morocco", and the Bank of England to trash American Banking stocks, bonds and the U.S. Dollar even further,...

Foreclosure Rescue Scams to Look Out For

Distressed homeowners already have enough on their plate without having to worry about falling victim to mortgage rescue scams. Sadly, the number of foreclosure scams reported in the last couple of years has...

Will the Hunts buy silver again after selling Hunt Petroleum? « Peter J. Coo...

" Of course, the irony of the 1970’s episode may not have been lost on the next generation of Hunts. They did indeed select one of the best possible investment strategies for that decade, and if they had not gotten too greedy with margin trading their position would have...

Bad Credit Mortgage Loans - Get Approved With a Recent Bankr

"A few years ago, if you had a bankruptcy or a foreclosure on your credit report, you could forget about trying to get a mortgage loan. If you were lucky enough to find someone who would finance you, your interest rate would be through the roof and plan on putting 10-20% down."

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