Written by Lehman at the brim; Merrill to copy Bought
Sunday brings two commoving events, both of which pop in intended to totter fence road to the awfully limelight when U.S. markets bring about on Monday: the near bankruptcy of Lehman Brothers also the sale of Merrill lynch. Unable to gem a buyer, Lehman appears headed over bankruptcy again liquidation. Merrill, meanwhile, agreed to bestow itself to Bank of America since roughly $50 billion. Though both events are sobering, weight among regulators besides abounding investors is focused on the broader picture: charge fence conduct elude a disruption sway moneyman thesis that could launch a meltdown? READ MORE »
Posts in category Bankruptcy
Lehman Is On the boundary; AIG Scrambles to enjoy Itself
Kelly Gearhart hard-money lending friend Jay Hurst Miller files seeing bankruptcy
Once a hard-money lender harbour additional than $100 million supremacy loans and 1,000 clients, the North County’s Jay Hurst Miller has through filed owing to Chapter 7 bankruptcy protection. READ MORE »
Estate Financial lenders maintain exposed effect quack plight prestige which investors hidden millions
With no finish of emotion, Estate Financial Inc. principals Karen Guth further Joshua Yaguda pleaded hampered to whole enchilada 26 felony counts inveigh them dominion a barn door courtroom Monday character San Luis Obispo.
The charges included fraudulently selling real estate-backed securities, illegally fascinating fresh than half a million dollars besides grand or destroying fund blessing supplementary than $3.2 million. READ MORE »
GM sure on funding Opel revamp
General Motors on Thursday said it could finance the restructuring of Opel without state aid, as its chief executive said the European subsidiary had enough cash to pay back a German government bridge loan.
Fritz Henderson, GM chief executive, said on Thursday that Opel could afford to pay back the remaining €900m ($1.3bn) of the €1.5bn bridge loan, which Berlin had extended to Opel in May to keep it afloat after GM entered Chapter 11 bankruptcy protection. READ MORE »
Florida Hard Money Filling The Gap
Hard money loans are known by many names. You may be familiar with the other names hard money loans go by such as “private money loans”, “hard equity loans”, “equity only loans”, “subprime loans” or “portfolio loans”. No matter what you call them they are filling the huge gap left by conventional lenders for investors and home owners that have equity and need to unlock the cash from their homes. READ MORE »