Fridson Investment Advisors was founded by Martin Fridson who says, “that new issues of junk bonds are healthier and more default-resistant than in recent years. This shift in what has been a challenged market is happening because weaker borrowers are being shut out, in Mr. Fridson’s estimation. With fewer really risky borrowers able to sell [...]

The latest in the trend for foreign governments to use their “sovereign funds” to buy stakes in US Banks is Kuwait which just invested 3 billion more in Citi Bank during January. Likewise, it invested 2 billion in Merrill Lynch.
Here is a link to one article on this subject:
http://biz.yahoo.com/ap/080624/kuwait_fund_us_banks.html?.v=1
Here is a favorable quote from [...]

The FBI said that “it has arrested more than 400 real estate brokers since March in a crackdown on incidents of mortgage fraud that have contributed to the country’s housing crises.” Apprehensions were made all over the country including Chicago, Atlanta, Miami and suburban Maryland.
“Operation Malicious Mortgage resulted in 144 mortgage fraud cases in [...]

According to a new study, “the rate of bankruptcy filings among those 65 and older has more than doubled since 1991.”
The study found that “Americans age 55 or older have experienced the largest increase in bankruptcy filings, going from 8.2 percent in 1991 to 22.3 percent in 2007.” Americans 34 or younger experienced the opposite [...]

Bloomberg reports that Fifth Third Bancorp, Ohio’s second largest bank, “stock fell 19 percent, after slashing its dividend and forecasting much lower profit.” This is reportedly the largest decrease in at least 23 years.
“Fifth Third joins the list of banks and securities firms that have raised more than $300 billion to shore up their balance [...]

John Paulson recently told a group of hedge fund managers meeting in Monaco that he expects that the losses and write downs which will follow the world wide credit crunch will reach 1.3 trillion dollars. He stated that he thinks that we are about one third of the way through this financial crisis.
Quote:
Ambac [...]

In 2005 Congress enacted a law to get consumers to look for alternatives to filing personal bankruptcy. The new law made it more expensive to file for bankruptcy protection, put tighter restrictions on qualifying for the protection with income limits and measuring the debtor’s ability to pay their creditors, and mandatory credit counseling. [...]

American Airlines spokesman, Andy Backover, denied the rumors that the major U.S. carrier was about to file for bankruptcy protection in a Dallas Morning News report. The rumors started in a DealReporter story that quoted “unnamed sources” saying “bidders for AMR’s regional carrier American Eagle would be cautious based on a risk of AMR [...]

LandSource Communities Development LLC, a California property developer backed by Calpers, filed for bankruptcy protection under Chapter 11 Sunday. Calpers (California Public Employees’ Retirement System) is the largest public pension fund in the United States.
LandSource’s largest investment is The Newhall Land and Farming Company, that owns 15,000 acres north of Los Angeles in Santa [...]

Federal Reverse Bank of Richmond President, Jeffrey Lacker, spoke out in London Thursday criticizing the Fed’s recent rescue of Bear Sterns. In an interview before his speech, Mr. Lacker said that “before this recent episode, there [were] well-understood and well-articulated boundaries around when we would lend” — to manage short-term interest rate, to help [...]