Yesterday, the talk was that Countrywide would file for chapter 11; today Bank of America inks a deal to buy the troubled lender. Recall that BoA had invested 2 billion in Countrywide about 5 months ago and, perhaps to salvage that investment or to make the powers that be happy by not allowing Countrywide [...]

Here is an article in the online magazine, www.Slate.com , which addresses “ghost malls” and whether the real estate crash will spread from individual homes to malls. The author’s conclusion is: not yet, but maybe soon.
Quote:
“Malls aren’t turning into haunted houses just yet, but they may be on their way, thanks to [...]

She is a 25 year old who was a contestant in the Miss Arizona pageant and was chosen to be Miss Desert Sun, 2006, a second year law student who, after taking some time off, wants to return to The University of Arizona Law School. She also just completed a semester long free clerkship [...]

Here is a link to an interesting article from the NY Times on the new $2,500 car to be offered for sale in India. It is small, light and likely would not pass Western emissions standards, much less crash standards. However, as one expert said, it is much safer on the road for [...]

Under the Category of What Not to Do…
Adding to all of its existing troubles, Countrywide Financial Corporation now announces that it fabricated evidence used in Federal Court. Countrywide’s lawyers presented this information to the Court in the best possible light, saying that the letters in question were not fabricated, but were “recreated.” [...]

“Because with house prices tumbling, more people in Stockton face the repossession of their homes than anywhere else in the U.S.” There are several reasons, which are:
Lending Frenzy. At the height of the buying frenzy, which occurred in 2006, one developer was having potential home buyers playing a bingo-style lottery. The rules [...]

An ironic announcement came from Ford today concerning its possible sale of its remaining premium brands, Jaguar and Rover. An Indian company, Tata Motors, Ltd., which makes the cheapest new car available is the most likely buyer, although it is not a done deal at this time. Tata is to reveal its $2,500 [...]