Saturday, November 21, 2009

Gov. Riley says Jeffco creditors to respond by next week (Birmingham News)



Wall Street creditors are expected to respond by early next week to Jefferson County's latest proposal to solve the $3.2 billion sewer debt crisis, a spokeswoman for Gov. Bob Riley said Friday.
source


Share/Save/Bookmark

Friday, November 20, 2009

Bankruptcy filings climb for Augusta, neighbors (The Augusta Chronicle)



Rising debt and a slow economy have forced a growing number of consumers to file for bankruptcy in Augusta and elsewhere.
source


Share/Save/Bookmark

Thursday, November 19, 2009

Century Bank CEO to discuss credit crisis at Thursday breakfast (The Daily Item)



LYNN - Barry R. Sloane, co-president and chief executive of Century Bank discusses "The De-leveraging of America" at the Lynn Area Chamber of Commerce Sept. 11 business breakfast at the Porthole Restaurant, starting at 7:30 a.m.
source


Share/Save/Bookmark

Wednesday, November 18, 2009

Alabama group files suit over Jefferson County debt (Reuters)



BIRMINGHAM, Alabama (Reuters) - An Alabama activist group has filed a lawsuit seeking to cancel $6.6 billion in debt and related swaps issued by Jefferson County, claiming the county faces financial disaster because of misdeeds by Wall Street firms, corrupt local politicians and others.
source


Share/Save/Bookmark

Tuesday, November 17, 2009

States feel debt pinch (Financial Times)



Bond yields of Portugal, Italy, Greece and Spain widened to record levels against Germany on Friday as fears rose that these economies could face increasing problems in a deteriorating financial climate.
source


Share/Save/Bookmark