Loan the same day
With a $40 million loan default looming, Creative Loafing Inc., the owner of Washington City Paper and a handful of other weeklies across the U.S., sought Chapter 11 bankruptcy protection Monday.
The Bailout Handbook (New York Times)
The savings and loan crisis 19 years ago may be instructive for those managing the new $700 billion bailout.
A previous debacle offers lessons for those who must manage the bailout (International Herald Tribune)
The Resolution Trust Corp., set up to solve savings-and-loan problems in 1989, soon found itself dealing with an array of nuts-and-bolts problems.
Creative Loafing files for Chapter 11 (Business Journal of Tampa Bay)
With a $40 million loan default looming, Creative Loafing Inc., the parent company of local alternative weeklies in both Tampa and Sarasota of the same name, sought Chapter 11 bankruptcy protection Monday.
Creative Loafing files for bankruptcy protection (Atlanta Business Chronicle)
With a $40 million loan default looming, Creative Loafing Inc. , the parent company of a local alternative weekly in Atlanta of the same name, filed for Chapter 11 bankruptcy protection Monday.
The day when buy-to-let died: How the B&B debacle brings mortgage hikes and repossessions (Daily Mail: World News)
The collapse of Bradford & Bingley sounds the death knell for buy-to-let. More than 1.1million British investors put their money into property for rent, borrowing against the value of their family homes.