Mortgage Rights and Wrongs

Congress has said that they want judges to adjust mortgage debt. On the face of it, this makes sense. After all, when people declare bankruptcy they get their credit card, auto loan, and personal debts adjusted. What makes a mortgage any different? Well, one difference is the law. By law [more...]

Date: 2009-01-14 05:01:08

Blog posts (5) | Videos (19)
 

Chrysler Pres. Tom LaSorda Denies Rumors Of Jeep Sell-Of

Tom LaSorda, President of Chrysler, speaks to the media after a Chrysler rally at the Jeep plant in Toledo, ... for the sale of any “non-earning assets” in order to avoid bankruptcy, the terms of the loan agreement as outlined in the federal auto bailout bill prevent any such action. Explained LaSorda, “If we were [more...]

Date: 2009-01-15 19:14:48

Reintroducing the Original SUV

Posted by: SanityFound on: January 15, 2009 In: Life's opinionComment! As the Big 3 auto manufacturers face bankruptcy, we must go back to the old time basics.We ... loan to GM, ChryslerThe Way We Live Now - Leveraging Nostalgia - A Reverie for the Swing-Shift … [more...]

Date: 2009-01-15 14:42:34

Will Bankruptcy Judges Get Power to Strip Down?

The details of the Great Bailout Bill of 2008 are still being mulled, turned over and kicked about by economists, ... of the terms of certain debts, namely auto and student loans and second-home mortgages. Under the Democrats ... of the property falls below the loan amount, debtors potentially could reduce the balance of the loan to equal [more...]

Date: 2008-09-24 15:15:01

Majority Of American Public Against Auto Rescue

I think this has a lot more to do with the fact that this has been spun as free money as opposed to giving these companies loans (GM and Chrysler) ... if one or more of the companies were forced to restructure under the protection of bankruptcy laws ... significant progress persuading the public that bankruptcy proceedings would deepen the broader [more...]

Date: 2008-12-16 19:31:31

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