11 January 2010 ~ 0 Comments

Bankruptcies Highest in States Hit by Housing Bust

As a follow up to our last post about the Sun Belt recession this article from the Wall Street Journal shows a direct correlation between the housing bust and personal bankruptcies. The two are a natural fit considering how dramatically the fall in housing prices hurt family finances. Here’s an excerpt:

“There’s a close relationship between [...]

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02 December 2009 ~ 0 Comments

Delphi Workers Claim Unfair Pension Deal

A few days ago we made a post about pension fund collapses and the government stepping in to guarantee those pension funds. Not too long ago the Delphi pension plan was seized and the PBGC made a deal to secure the pension plans for Delphi workers. But according to two workers at the Delphi Salaried [...]

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