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BusinessWeek
6 hrs ago
Comment
European Union finance ministers were instructed last week to skirt questions on a possible bailout of Greece and emphasize their support for the government’s deficit- cutting measures, according to a draft document.
BusinessWeek
8 hrs ago
Comment
Nobel laureate Joseph Stiglitz said Greece’s budget deficit reduction plan will prevent a default, and reiterated his call for the European Union to aid the nation against “speculative attacks” in financial markets.
Wall Street Journal
10 hrs ago
Comment
The ratings agency expects more corporate defaults in the Middle East after Dubai World's debt crisis but doesn't foresee a change in the creditworthiness of oil-rich Gulf Cooperation Council states.
Bloomberg
Feb 9
Comment
Nobel laureate Joseph E. Stiglitz
said the prospect of a default by the U.S. or the U.K. is an
“absurd” notion constructed in financial markets.
The Straits Times
Feb 8
Comment
THE manager of Mapletree Logistics Trust (MapletreeLog) has filed a bankruptcy petition against Mr Ang Chee Seng for defaulting on a lease agreement.
InvestorCentric
Feb 5
Comment
Another stumbling block for the housing market this year may be homeowners who are able to pay their mortgages but choose not to because their home is so far underwater. With over 5 million mortgage holders projected to be significantly underwater...
New York Times
Feb 4
Comment
The good news in the high-yield credit markets is that default rates could fall by as much as half of 2009's near-record levels, Edward I. Altman, the debt specialist, said. The bad news is that 2011 could prove the start of another down cycle.
Gold Stocks Today
Feb 3
Comment
Here’s a mystery: Homeowner defaults. Not that there are so many…the mystery is why there are so few…
In Nevada, for example. Two out of three homeowners are underwater…which is hard to do in the desert. Some of them owe hundreds of...
The Mess That Greenspan Made
Feb 3
Comment
Well ... might as well make it four-in-a-row this morning for housing stories as Andrew Moore at the local Bend Bulletin is reporting that conditions have deteriorated rapidly over the last month, notices of default soaring to a new all-time high...
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