Newsroom Headlines

  February 13, 2009 Obama Administration Readies Rescue Plan for Housing The Obama administration is trying to come up with a standardized approach for using taxpayer money to modify the mortgages of

  February 12, 2009 Regulator Calls for Lenders to Stop Foreclosures The Office of Thrift Supervision (OTS) yesterday called for the mortgage lenders it regulates to halt foreclosures until the Obama

  February 11, 2009 Sirius XM Prepares for Possible Bankruptcy Satellite radio company Sirius XM Radio has hired advisers to prepare for a possible bankruptcy filing as the company is buckling under

  February 10, 2009 Autos Analyst: Bankruptcy Could Speed Restructuring for General Motors JP Morgan analyst Himanshu Patel said yesterday that a bankruptcy filing by General Motors Corp. could allow

  February 9, 2009 Autos Analysis: Government May have to Force GM, Chrysler into Bankruptcy to Protect U.S. Loans General Motors Corp. and Chrysler LLC may have to be forced into bankruptcy by the U

  February 6, 2009 Analysis: Chapter 12 Bankruptcies Help Provide Small Glimpse for Mortgage Modification Proposals As the debate over mortgage cramdown proposals continues on Capitol Hill, proponents

  February 5, 2009 Congressional Panel Votes to Revamp “Hope for Homeowners” Program The House Financial Services Committee yesterday approved legislation to jump-start the lagging Hope for Homeowners

  February 4, 2009 Lehman Brothers Liabilities Reduced to $200 Billion Lehman Brothers Holdings Inc. said that it has reduced its unsecured liabilities by two-thirds to about $200 billion since filing

  February 3, 2009 January Consumer Bankruptcy Filings Increase 34 Percent over Last Year U.S. consumer bankruptcy filings increased 34.4 percent nationwide in January from the same period a year ago

  February 2, 2009 Congressional Hearings to Examine Bank Liquidity, Financial Regulatory Improvements and TARP Changes Two congressional committees will hold a series of hearings this week looking at