Loan with bad credit
Find out the consequences before deciding to end your credit agreement.
Valuing those bad mortgages poses problem for Treasury (International Herald Tribune)
The government could wind up buying bad mortgages for more than they will ever be worth, a step that would benefit financial institutions at taxpayers’ expense.
Financial Federal 4th-quarter earnings drop 5 percent on bad credit provision (Canadian Business)
NEW YORK (AP) - Financial services firm Financial Federal Corp. said Wednesday its fiscal fourth-quarter earnings fell 5 percent after it set aside money to cover credit losses.
AIG OKs loan from Fed but still faces FBI probe (AP via Yahoo! News)
American International Group Inc. may have agreed to take the U.S. government up on a two-year, $85 billion loan to help stave off bankruptcy, but now the nation’s largest insurer faces an FBI investigation.