Saturday, 23 May 2009

GM might still be headed toward Chapter 11: Despite a tentative pact with the United Auto Workers, Obama administration officials continue to signal that bankruptcy might be the best option.

Trouble Ahead: Millions of Mortgages Will Ratchet Upward Soon: "If the equity in your house is gone and your monthly mortgage payment suddenly jumps from $2000 per month to over $3000 per month, what do you think is going to happen?