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Bankruptcy filings climb for Augusta, neighbors (The Augusta Chronicle)
Rising debt and a slow economy have forced a growing number of consumers to file for bankruptcy in Augusta and elsewhere.
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Treasury Secretary Paulson's balancing act on Fannie and Freddie (Los Angeles Times)
Some advocate a bankruptcy-style solution, others a big infusion of cash. He's looking for middle ground to address the mortgage giants' crisis. When Treasury Secretary Henry M. Paulson Jr. reveals how the Bush administration intends to steady tottering mortgage giants Fannie Mae and Freddie Mac -- probably this afternoon -- he will be walking a knife edge between two seemingly irreconcilable ...
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Stuart's Shells restaurant to stay open as company files for bankruptcy (Stuart News)
Tampa-based Shells Seafood Restaurants has filed for bankruptcy, following a trend among casual dining restaurants.
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Are both candidates in touch with us? (Louisville Courier-Journal)
Much of the mudslinging this presidential year centers on which candidate best understands the financial issues of the working class. The question boils down to this: Which of the two candidates, Republican John McCain or Democrat Barack Obama, is an elitist and therefore out of touch with common folk struggling to pay their bills, keep or buy a home, and send their children to college?
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Lull denied debt protection (The Garden Island)
Debt protection typically sought during bankruptcy proceedings has been denied for James Lull, the former Kapa‘a branch manager for the U.S. Financial Mortgage Corp. whose complex web of loans left many investors out in the cold, but monetary relief may not come anytime soon for creditors.
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City, union officials look ahead to continued negotiations (Vallejo Times-Herald)
City and employee union officials offered a cautiously optimistic response to a judge's ruling Friday that grants Vallejo federal Chapter 9 bankruptcy protection. The ruling came two weeks after testimony ended on the issue of whether Vallejo legally qualified for
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Treasury to Rescue Fannie and Freddie (Washington Post)
The Bush administration yesterday prepared to take over the troubled housing finance companies Fannie Mae and Freddie Mac, after concluding the companies don't have enough capital to continue to play their crucial role funding home mortgages.
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3 Winners You Don't Know About (The Motley Fool)
Where's your next multibagger hiding?
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Takeover of housing giants begins Monday (ABC 7 Chicago)
If you have a home loan, there's roughly a 50-percent chance that either Freddie Mac or Fannie Mae is involved.
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Value of collectible toy trains loses steam with missing parts (Tri-City Herald)
Among fond childhood memories is the Christmas the electric train set was under the tree.
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