bankruptcy
The NY Times Stinks at News Analysis
Should General Motors file receive a financial bailout from the U.S. government, or should it be left to deteriorating market conditions that will lead to a bankruptcy filing? This is the question put forth by a NY Times “News Analysis” piece entitled “G.M.’s Troubles Stir Question of Bankruptcy vs. a Bailout .” Unfortunately, this article [...]
Giant Mortgage Lender Files For Bankruptcy
American Home Mortgage, one of the largest mortgage lenders – and a glaring symbol of unsound business practices- filed for bankruptcy early this week. Mortgage lenders like American Home Mortgage are responsible for helping to inflate the largest housing bubble in American history. Now investors are running from the crappy mortgage-backed securities originating from these [...]
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