Bankrupt

Source: ftalphaville.ft.com --- 17 hours ago
Here is a radical proposal from John Kemp, the former Sempra Metals economist, who seems to have had enough "resting" between jobs. His provocative ideas would appear to apply to the UK as well as the US. Before you click "more" be aware that this is a 2,000 word read... First take a deep breath,... ...

Source: www.sammyboyforum.com --- 13 hours ago
*An honorable member of the Coffee Shop Has Just Posted the Following:* *Heard it thru the grapevine: SOUTH KOREA gonna collapse due to high foreign debt. PAKISTAN too. DUBAI bad debt 60% of GDP. ...

Source: www.sammyboy.com --- 15 hours ago
*The facts speak for themselves. No amount clintonxxx, cassyy and divzzz b.s. can deny them.* *[SIZE=4]Australia to guarantee all bank... ...

Source: www.bloggernews.net --- 16 hours ago
China Buys Bankrupt U.S.? The U.S. has been blowing its economy on military spending (more than the rest of the would combined) while China has been putting its efforts into its economy which is now empowered both to buy us up and displace us from our traditional power centers. The Soviet Union [...] ...

Source: www.topix.com --- 23 hours ago
In William Saroyan's Depression-era drama The Time of Your Life, there is a laconic character called "The Arab" who keeps muttering the play's signature line: "No foundation. ...

Source: www.letsgokings.com --- 14 hours ago
LINK (http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/10/08/BU6413DQQO.DTL) After 92 years. Unbelievable. Heard about it last night. No more Fiddle... ...

Source: www.californiafordemocracy.net --- 3 hours ago
by Robert in Monterey [courtesy of Calitics - Front Page] read more » ...

Source: topics.cnn.com --- 7 days ago
Lawyers for Michael Vick asked a federal bankruptcy judge on Friday to appoint a mediator to help settle his debts to creditors, saying a third party might expedite a resolution in the case ...

Source: www.nydailynews.com --- 20 hours ago
It's still a good time to be morally Bankrupt. The plunging Dow Jones and panicky investors are hardly a problem for the world's oldest profession, where business is still brisk. ...

Source: www.gainesville.com --- 7 days ago
The state's hurricane fund relies on malfunctioning capital markets. ...

Source: www.expertlaw.com --- 1 day ago
My question involves bankruptcy in the state of: CA My business was a corporation and is dissolved and Bankrupt. There were no assets (all... ...

Source: www.gossiprocks.com --- 1 hour ago
---Quote--- It's still a good time to be morally Bankrupt. The plunging Dow Jones and panicky investors are hardly a problem for the world's oldest profession, where business is still brisk. "The market is down, business is down, but we feel it less," said Dylan, 24, a promotional model-turned-Manhattan prostitute. "We're still busy." The long-haired, long-legged hooker then explained why the red-light district remains a blue-chip commodity: "If men are horny, they're going to come in here." Take that, Ben Bernanke. Dylan works for a Manhattan madam who runs a pair of prostitution dens north of Wall Street. Unlike the $4,000-an-hour girls of male fantasies or gubernatorial road trips, Madam Sadie's employees charge $260 for 60 minutes - or $160 for 30 minutes. "The $1,000-an-hour girls are just not making it" with the economic downturn, the madam said. The faltering economy actually drove two of her newer employees to the madam's sex-peddling service from other careers. Shana, 42, lost her $45,000-a-year job as a secretary last year. Sienna was laid off in July from her job as an executive assistant with a travel agency. Shana, who worked briefly as a waitress before hooking up with her current gig, is putting her son through college. "He's trying to get an engineering degree," she explained. "With the economy the way it is, how is my son going to get a loan? And he's going to finish college." Co-worker Sara, a 26-year-old former hai ...

Source: www.portfolio.com --- 2 hours ago
The DTCC is a reliable source, and it says the Lehman CDS settlement flows on October 21 are going to be small : In November 2006, The Depository Trust and Clearing Corporation (DTCC) established its automated Trade Information Warehouse as the electronic central registry for credit default swaps. Since that time, the vast majority of credit default swaps traded have been registered in the Warehouse... The payment calculations so far performed by the DTCC Trade Information Warehouse relating to the Lehman Brothers bankruptcy indicate that the net funds transfers from net sellers of protection to net buyers of protection are expected to be in the $6 billion range (in U.S. dollar equivalents). This is massive-sigh-of-relief good news. The widely-cited $400 billion number was, as far as I could make out, pulled largely out of thin air, while this is concrete stuff. If net funds transfers are only about $6 billion, that's not enough to Bankrupt any systemically-important institution. While I'm on the subject, I spoke to Creditex today about the way that the CDS auctions work. (I really should have done this before the Lehman CDS auction, but I was, um, distracted.) In its simplified basics, it's a two-part process: in the first part, a bunch of dealers are canvassed to give bid and offer prices on the cheapest-to-deliver bonds of the entity which has just gone bust. From those prices you get something called an "indicative inside ma ...

Source: talkabout.hmbreview.com --- 5 hours ago
So, the Dow dropped over 2300 points in 10 days. What next? First, stop the denial. Open you 401k statement and read it, or better yet look at it online. Look at all your assets. Compare them to a year ago. Remember this feeling. Now get over it. Get mad. ACT NOW. First, if you think this is a good time to buy stocks and hold them for the long term, you need to have your head examined. We have clearly entered a worldwide depression, not just a recession. This is 1929. You do not want to own any stocks in a depression. You want to preserve your what's left of your money in the safest means possible, not stocks. The time to buy stocks is when no one else wants them - that point won't come for several more months or years when the Dow is down to 6000 or 5000, or even 3000. Think that is crazy? On October 1 the Dow was over 10830, and anyone telling you that on October 10 the Dow would drop well below 8000 was crazy. Welcome to the asylum. The talking heads on TV tell you not to sell now because it locks in your losses. Selling at 'the' bottom locks in your losses, but this is certainly not 'the' bottom. It may be 'a' bottom - the market could go up next week, but it won't stay up. Selling now is called 'capital preservation'. Remember, this is a depression. Dozens of large companies will go Bankrupt in the next year, sending millions more people to unemployment. Everyone is afraid, and people will quickly stop spending. It is self ...

Source: www.irishexaminer.com --- 1 day ago
AS AN international aviation expert predicts the number of airlines declaring bankruptcy will double to at least 70 in the next 12 months, Aer Lingus will this week demand its unions recognise the tight financial situation it finds itself in. ...

Source: www.renewamerica.us --- 8 hours ago
(Michael Bresciani) - Not everyone who can't see is blind. Even with 20/20 vision a person or an entire nation can have their attention diverted away from what they should be seeing. In America we are focusing on our economy and ignoring the other areas of our national life. Unfortunately in many of those areas we are already totally Bankrupt... ...

Source: www.247wallst.com --- 11 hours ago
According to The Times of London, THE Lehman Brothers board signed off on more than $100m (£59m) in payouts to five top executives just three days before the bank went Bankrupt leaving thousands of employees out of work in London. Rank has its privileges. Douglas A. McIntyre ...

Source: www.wackbag.com --- 4 hours ago
Good news for our Lil'Jimmy Norden... http://www.nydailynews.com/money/2008/10/11/2008-10-11_prostitution_has_not_suffered_dropoff_de.html It's still a good time to be morally Bankrupt. The plunging Dow Jones and panicky investors are hardly a problem for the world's oldest profession, where... ...

Source: www.100mortgages.org --- 14 hours ago
The UK government has been using anti-terror laws to seize Icelandic assets to pay back British savers, after the near collapse of Iceland and the crash of its banking system caused concern that Iceland will become Bankrupt. It was revealed that the British government has seized £4 billion in Icelandic assets which is £1 billion [...] ...