Types Of Bankruptcy

Treasurys slip as defensive trading persists  An already lower 10-year Treasury note briefly extended its decline, but just as quickly pared that loss Thursday, following the release of a mixed weekly report on jobless benefit applications.read


Taxpayers on hook for mortgage rescue (The Times of Northwest Indiana)  NEW YORK | We knew it could happen, even though they said it wouldn't. The government is using our money again to haul private companies' hindquarters out of the fire


Houses in Affordable Metros That Could Become Hot Spots  While housing markets where prices soared during the real-estate boom are cooling, metropolitan areas that saw little price appreciation during that period are heating up. We take a look at


U.S. moves to shore up mortgage giants (Reuters via Yahoo! UK & Ireland News)  The United States on Sunday offered massive aid to Fannie Mae and Freddie Mac to bolster confidence in the mortgage finance giants and head off a potential meltdown in financial


Shakespeare's parting is sweet sorrow  It's curtains for Shakespeare's. Come May, the venerable pool hall and pub will leave its home at 15th and Platte streets in Denver's Central Platte Valley.read more...


Czech building savings market second biggest in world  "In the long term, we expect to sign around 1 million contracts a year" The Czech Republic is the second largest market in the world by number of signed

February 5th, 2008

GMAC Financial Swings to Loss on ResCap

“Given GMAC’s strategic importance to General Motors, we think that GMAC’s owners will not risk the firm’s viability in its efforts to stabilize ResCap”

By J.W. ELPHINSTONE The Associated Press Tuesday, February 5, 2008; 1:06 PM NEW YORK GMAC LLC said Tuesday it lost $724 million in the final quarter of 2007 as the housing slump and disruptions in the credit … via The Washington Post



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