I don’t quite understand how Lehman Br. and all those banks have gone bankrupt. What causes them to do so?
Thanks.

Technorati Tags: bankrupt, banks, br, lehman

Now I know most European countries like Greece, the UK, Belgium, Italy, Germany etc. are all about high taxes and spending money on programs that are very socialist in nature. This is fine if everyone in the country is down for it, and will pay for it, but the thing is most people don’t want to pay for it and so a lot of these countries have debt loads that are like more than 100% of their GDP sometimes in the 2s and 3s depending on the metric, or their bankrupt apparently (i.e. Greece). Those big spending european socialist countries are all like way up there compared to the rest of the world in debt, they make the U.S. look pretty efficient spenders in fact. I don’t think countries like Sweeden or Denmark are any different from the rest of western Europe as far as socialist spending priorities are concerned, but they seem to carry a far lower debt load, lower than the United States in fact. How do they do it? Is it because they spend basically nothing on defense (because who the hell is going to attack Sweden? The Pittsburgh Penguins?) Have they figured out a way to get people to pay for socialist programs that put a disincentive on them to make enough money to fork over the money necessary to do that? Do people just make a lot of money there anyway, and there aren’t as many poor people leeching off the system in comparison? Really, what are the Scandinavians doing that the rest of the world can learn? I’m not dissing socialism here, this is an honest question, because they might be on to something.

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In 1997 I took a car loan on my son’s name. Due to Asian financial crisis, my son was retreanched and the finance company reposses the car due to default in payments. In 1995, he was declared a bankrupt by the finance company. Until now he cant get a job and he is under medication due to some health reasons. I heard that after 5 years, my son can get a discharge if he appeal to the insolnvency department in Malaysia. Is it true?

Technorati Tags: asian financial crisis, bankrupt, car loan, finance company, health reasons, job, medication

Here’s the story. We have been tricked before. In the past we had a broker that said our loan to buy a house was approved, showed us a phony letter from I don’t know who and after 2 months she mentioned that bank that approved us went into bankrupt. Yes, sounds like BS. Now, I came to realize I was missing a year of 1099 for me to get really approved so I guess she didn’t want to lose a client and lied about it. Finally I filed my second year of 1099 and around 2 weeks I sent all my info for me to get the loan process started. The same broker is working on my stuff but, I figured since I got all my paperwork now why not give it a second chance? Until today all I know is that I have been approved for 0K. I found a few houses but, I won’t have peace of mind until I physically get a loan approval document which I still haven’t seen/received. How do you truly know you have been approved? where and how do I request this? How would I know the letter/document is not fake? I’m tired of people that play dirty in the real state market. PLEASE HELP!

Technorati Tags: approval document, bankrupt, bs, loan approval, loan process, paperwork, peace of mind, second chance

This always seems to happen and a new furniture store moves right in, I ask because they just built a huge showroom by me within the last few months and now it says its bankrupt. It is a chain but how would they have the money to build this huge building just to go into bankrupcy a couple of months later

Technorati Tags: bankrupt, furniture store, money, new furniture