May 22, 2012

Foreclosures for major sector of bank industry topped 1 million in third quarter, report says

Foreclosures for major sector of bank industry topped 1 million in third quarter, report says Los Angeles Times, Dec. 21, 2009 The number of home foreclosures for a major sector of the banking industry topped 1 million for the first time in the third...(read more)

Medical Bankruptcy

Consumer Debt Rose $21 Billion Last Month Thanks to Credit Card Use

The total amount of consumer credit circulating in the United States rose by more than $21 billion last month, raising concerns that more people … [Read More...]

ResCap Files For Bankruptcy, Eyes Paying Back Taxpayer Bailout Money

Ally Financial Inc’s mortgage unit, named Residential Capital (ResCap for short), filed for bankruptcy on Monday, according to Reuters. Ally … [Read More...]