“Commercial lender CIT Group Inc. said Friday that billionaire investor and bondholder, Carl Icahn, agreed to support the company’s restructuring plan amid reports CIT may soon file for bankruptcy protection. Icahn also agreed to provide CIT with a $1 billion line of credit. Icahn has been an outspoken critic in recent weeks of New York-based [...]

Yesterday, in federal bankruptcy court, a couple, Mr. and Mrs. Moser, were accused of several counts of bankruptcy fraud based on incorrect schedules filed in their Chapter 7 bankruptcy in 2005. The couple evidently did not list a valuable option to purchase real property and other valuables. “Authorities said they also failed to disclose $125,000 [...]

Here is the first in what will no doubt be a long series of articles which purport to predict what life at Chrysler will  be like as Fiat’s control becomes more manifest.  Do not doubt that the mini Fiat 500 will be brought over and sold here and that will be a fun addition to [...]

One enterprising student has posted an ad with the intent of hiring a personal assistant. He needs help with laundry, making his bed, and driving him to work. He is a sophomore at Georgetown and in McDonough School of Business.
Here is a link to the blog created for his ad:
http://blog.georgetownvoice.com/2009/10/16/georgetown-sophomore-seeks-personal-assistant-takes-premature-self-importance-to-whole-new-level/
Angela

I attended a wonderful event this weekend.  The North FW Historical Society had a tour of Oakwood Cemetery, which is located on the north side of downtown.  It is located on a hill overlooking the Trinity River.  It is a lovely place with a wonderful view of the skyline of downtown over the curving river.  [...]

Will it really happen in November? The Treasury Department’s plan orders “seven big companies that haven’t repaid their government bailout money to cut their top executives’ average total compensation — salary and bonuses — in half, starting in November. Under the plan, cash salaries for the top 25 highest-paid executives will be limited in most [...]

“Dallas stars Linda Gray and Larry Hagman have confirmed they’ve been approached to reprise their Sue Ellen and J.R. Ewing characters for a remake of the classic 1980s soap.
TV executives at Warner Bros. are reportedly considering bringing back Dallas and focusing the new show on the TV couple’s son, John Ross, and his cousin, [...]

Its going on across the country - but one city in particular, Jefferson County, Alabama, “a politician indicted over $3 billion in sewer debt that may lead to the largest municipal bankruptcy in history.”
“Jefferson County’s debacle is a parable for billions of dollars lost by state and local governments from Florida to California in transactions [...]

“The secrets of a lost city that may have inspired one of the world’s most enduring myths – the fable of Atlantis – have been brought to light from beneath the waters off southern Greece.  Explored by an Anglo-Greek team of archaeologists and marine geologists and known as Pavlopetri, the sunken settlement dates back some [...]

A recent study is now showing a trend that complicates lenders’ efforts to identify borrowers’ that are at-risk. Small businesses that do not indicate problems and pay their debts in a timely manner with maybe one delinquency are now seeking bankruptcy protection.
“Approximately half the lenders never saw it coming,” PayNet President Bill Phelan said. “They [...]