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Insider Trading Claim Dogs WaMu Bankruptcy
Washington Mutual's junior creditors have reason to cheer a federal judge's rejection of its bankruptcy plan, but the same ruling adds to the looming threat of prosecution for some recent investors in the failed bank's debt. Judge Mary Walrath ruled
Updated: 09/14/2011 12:55P
Memphis to again control Beale Street in settlement with entertainment company
The city of Memphis will again control the Beale Street Historic District as part of a lawsuit settlement. Mayor AC Wharton and John Elkington, who manages Performa Entertainment Real Estate have signed the agreement, which now goes to a federal
Updated: 09/14/2011 12:54P
The Left's Solyndra Damage Control
They say they didn't really start paying attention until this month's FBI raid on the company and its late August bankruptcy protection filing." Daniel Weiss, a senior fellow at the Center for American Progress Action Fund, adds "The reality is no one
Updated: 09/14/2011 12:49P
Indianapolis GOP to Turn Over Durham Donations
An Ohio bankruptcy trustee is seeking to claw back Durham's donations to reimburse thousands of clients of Durham's Fair Finance Company. Durham is awaiting trial on charges of running the company as a Ponzi scheme. The Marion County GOP and its
Updated: 09/14/2011 12:46P
U.S. supports solar despite Solyndra bankruptcy -DOE
WASHINGTON, Sept 14 (Reuters) - The Obama Administration has no intention of "walking away" from investing in renewable energy projects despite the bankruptcy of a high-profile solar panel maker backed by federal loan guarantees, a top US Energy
Updated: 09/14/2011 12:38P
Universal Personal Bankruptcy to Save America's Economy?
In a mortgage loan, the collateral is not gone. The house has some value. In any case, the home owner's credit rating is not gone. This is a crucial form of capital. If he defaults, it will be gone. It is obvious what Mr. Arends is really after:
Updated: 09/14/2011 12:37P
3 Years After Lehman, We've Learned Nothing
One of the most galling facts about Lehman's bankruptcy was that it was preventable. I'm not talking about how the company should have refused to lever up 20 or 30 times over on subprime mortgage investments. I refer to the lack of a simple handshake
Updated: 09/14/2011 12:34P
Solyndra Bankruptcy Stunts Renewable-Energy Grant Program
The government is making technology bets and when you make technology bets, sometimes you win and sometimes you lose." The "bet" turned out to be a hefty $527 million drawn from a $535 million federal loan guarantee, reports Bloomberg.
Updated: 09/14/2011 12:34P
US supports solar despite Solyndra bankruptcy -DOE
WASHINGTON, Sept 14 (Reuters) - The Obama Administration has no intention of "walking away" from investing in renewable energy projects despite the bankruptcy of a high-profile solar panel maker backed by federal loan guarantees, a top US Energy
Updated: 09/14/2011 12:30P
Financials Join Party As Hartford Rises 5%; AGNC Up 1%-Plus
Meanwhile, German Chancellor Angela Merkel rejected speculation that Greece is nearing bankruptcy, or would be forced to leave the euro zone. The Financials Select Sector SPDR (XLF) was most recently ahead by 0.2%. It had fallen 1.1% earlier,
Updated: 09/14/2011 12:26P
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