List Of Entities Announcing Exposure To Madoff Investments-2-
Last Update: 1/6/2009 3:30:00 PM
The following entities have announced exposure to Bernard L. Madoff Investment
Securities LLC, the New York-based business that allegedly lost $50 billion in a
giant pyramid scheme.
Entity: Bard College
Exposure: $3 million
Date of disclosure: Jan. 6
[...]
This is the lull before the category 6 storm! Unlike recessions of the past, this one is different. The market still has a way to go down. Retail will be much worse after the 1st, when the Christmas bug goes buy buy. Car sales are still going down because nobody has any disposable income!
Therefore, you [...]
Circuit City files for Chapter 11 bankruptcy - Nov. 10, 2008
Circuit City Stores, the No. 2 U.S. consumer electronics retailer, filed for bankruptcy protection Monday just a few weeks before the start of the key holiday shopping season, becoming the largest retailer to file under Chapter 11 this year.
Washington Mutual files for Chapter 11 bankruptcy [...]
Let the market do it’s thing. Filing bankruptcy is the way to go, just like every other company. The airlines have done it and they are still operating. GM is no different. The unions won’t reopen their contracts, well guess what in bankruptcy court they have no choice.
Lets give a grossly unprofitable and incompetent and [...]
General Motors going down: When we first predicted GM’s eventual bankruptcy, Wall Street snickered. Now, nobody’s laughing. Even with no further deterioration in sales next month, its independent auditors are going to raise questions about its ability to continue as a “going concern.”
That event, in turn, could trigger the recall of up to $6 [...]
Lehman folds with record $613 billion debt
By Sam Mamudi, MarketWatch
Last Update: 9/15/2008 10:11:00 AM
NEW YORK (MarketWatch) — Lehman Brothers Holdings is closing its doors with more
than $600 billion of debt — the biggest bankruptcy in U.S. history.
Lehman (LEH) has total debts of $613 billion against total assets of $639
billion, according to a filing prepared Sunday.
The [...]
Bankruptcy Judge Rejects Countrywide Settlement Offer-Reuters
Last Update: 8/15/2008 11:39:44 AM
DOW JONES NEWSWIRES
A $325,000 payment proposal by Countrywide Financial Corp. to settle claims over
its lending practices was rejected Thursday by a federal bankruptcy judge,
Reuters reported. The offer by the housing lender, now part of Bank of America
Corp. (BAC), made to a bankruptcy [...]
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