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Back in July, I wrote a post on the impending problems coming regarding commercial real estate. Well, it seems it’s ready to start showing its anger, and man, did it start off near the top. Capmark Financial Group, one of the nation’s largest commercial real estate lenders, which also used to be known as GMAC [...]
So it’s finally happened. After decades of bad decisions and being on the brink of it, General Motors has finally declared bankruptcy today. This giant, the maker of cars from groups such as Saturn and Pontiac, has come crashing down to earth like many of us who have run into financial difficulties, though not all [...]
Yes, we’re in tough economic times. However, we don’t have to sit around worrying about going broke all the time, or worry that things will never get better. As a matter of fact, there are numerous times when this type of thing has happened, and some very famous people have recovered from losing it all. [...]
Yesterday, January 16th, Circuit City announced that they were closing all of their stores and liquidating their entire inventory. TFB talked about that in the post about did stores really do that badly. Anyway, the sales supposedly start later today, and will continue until the company decides they’ve been picked clean enough. By the way, [...]
