Interesting Personal Debt News Links (March 3, 2009)

March 3, 2009

* In 92 days, AIG lost $62 billion

NEW YORK — American International Group Inc. managed to lose $62 billion in just 92 days. That’s nearly $470,000 a minute. And it’s more money than Bill Gates’ net worth.

* AIG makes history with loss of $62 billion (Rachel Beck)

NEW YORK — American International Group Inc. managed to lose $62 billion in just 92 days. That’s nearly $470,000 a minute. And it’s more money than Bill Gates’ net worth.

* Freddie Mac CEO resigning

WASHINGTON The top executive of Freddie Mac is quitting after less than six months on the job as the company continues to hemorrhage from mortgage losses and plans to ask the government for up to $35 billion in additional aid.

* Huge Loss At AIG

WASHINGTON – A new definition of desperate times: Even as the government threw a stunning new $30 billion lifeline to American International Group on Monday, the beleaguered insurance giant confirmed it had lost more than twice that much, $62 billion, in a single three-month period.

* AIG loses record $61.7 billion (Courier-Journal)

American International Group managed to lose almost $62 billion in just 92 days. That’s nearly $470,000 a minute. And it’s more money than Bill Gates’ net worth.

* I’m tired of being silent (Dallas Morning News)

I am not at all happy with what has taken place in our country, with loss of savings for my family, my friends and obviously to millions of other Americans. Why are we not up in arms about this?

* Woman gets 4 years in mortgage fraud scheme (Business First Buffalo)

The woman Delaware County authorities called the queen of a multimillion-dollar mortgage fraud ring pleaded guilty to eight felony charges Tuesday before being sentenced to four years in prison.

* Lawyer’s theft trial delayed (Liz Zemba, Tribune-Review)

A former Fayette County attorney whose poor health delayed his trial on theft charges was granted another postponement because his attorney was recently hospitalized.

* Chicago foreclosures now a middle class crisis too (Francine Knowles, Chicago Sun-Times)

Edith spent 35 years in her home. Now, she’s out. MORTGAGE CRISIS | Middle-class neighborhoods hard hit as Chicago’s foreclosures soar to nearly 20,000

* AIG makes history with its $62 billion loss

NEW YORK American International Group Inc. managed to lose $62 billion in just 92 days. That’s nearly $470,000 a minute. And it’s more money than Bill Gates’ net worth.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: