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Daily Archives: October 12, 2008

House

Saving The Economy By Forgiving Or Putting Off Debt Payments

Posted: October 12, 2008 at 3:27 pm

A sort of shadow economy has been forming. The sherriff in Cook Country, Illinois has stopped enforcing evictions on may foreclosed homes. According to The Chicago Tribune, Sherriff Tom Dart ...
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America’s Next Major Financial Hurdle: Government Retiree Health Plans

Posted: October 12, 2008 at 2:34 pm

State and municipal governments have failed to put tens of billions of dollars into health plans for their retired workers. The Governmental Accounting Standards Board was set up to monitor ...
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Nice Work If You Can Find It: Lehman Approved $100 Million In Comp As Firm Failed

Posted: October 12, 2008 at 8:24 am

According to The Times of London, THE Lehman Brothers board signed off on more than $100m (£59m) in payouts to five top executives just three days before the bank went ...
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Treasury

Credit Crisis Report 10/12/2008 Problems Deepen (MS)(RBS)(HBO)(FNM)(FRE)(GM)(F)

Posted: October 12, 2008 at 6:40 am

The IMF said that the world banking system faces of meltdown if governments does not take immediate action to support that largest banks. Based on comments from Paulson, the US ...
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