Archive for April, 2009
Thursday, April 30th, 2009
The nation’s financial crisis has trickled down to Napa, requiring Napa Sanitation District to refinance tax-exempt bonds used to pay for improvements to its sewage treatment plant.source
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Wednesday, April 29th, 2009
WASHINGTON -- Banks tightened up further on all sorts of lending, from home mortgages to credit cards and business loans, as the worst financial crisis in seven decades took a bigger toll on thesource
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Tuesday, April 28th, 2009
Many of the loans and bonds sold to finance private-equity deals are about to come due at the worst possible time. Like homeowners with adjustable-rate mortgages that just went up, some of private equity's titans are facing a huge squeeze.source
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Monday, April 27th, 2009
THE losses keep on rising. As of October 2008, the International Monetary Fund (IMF) estimated that worldwide losses on debt sourced from America (principally from mortgage-backed securities or MBS) will reach $1.4 trillion.source
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Sunday, April 26th, 2009
Future Fund chairman David Murray says it is not the role of the $63 billion fund to bail out troubled mortgage-based investment funds. Some mortgage-based investment funds have had to be frozen after they experienced an exodus of funds, following the federal government's guarantee of bank deposits.source
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