Word: bondses
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Being rich during a recession can almost be as bad as being poor. The only difference is that the rich have more to lose. RealtyTrak, a research firm that follows mortgage trends, recently reported that the foreclosure rate on homes valued at more than $729,750, also known as the...
The New York Times has pointed out the amount of money owed to creditors at GM, some $27 billion, is about four times the amount that Chrysler had to deal with. The paper writes "General Motors' creditors number in the tens of thousands and include pension funds that bought the...
The old alliance among the nations that support the military cooperation of NATO has not extended to a set of economic bonds that are even more important as the global financial crisis claims victims in countries such as Ireland and the old Eastern European block. That gives Asia an advantage...
The coils of razor wire glint in the prairie sun like silver tumbleweeds piled against the tall chain-link perimeter fences of the forlorn Two Rivers Detention Facility in Hardin, Montana. Two years ago, the town (pop. 3,600) celebrated the completion of the state-of-the-art private jail...
Hardin tried to recover. It sued the state for supposed mixed messages of encouragement - even though Montana prohibits the incarceration of prisoners convicted out of state. But though Hardin won the case, Two Rivers stayed empty and the $27 million of bonds went into default a year ago.(See one...