The difficulty of institutions that need cash for payment have grown acute during the chalk-brained professors’ zero-interest-rate pogrom. Insurance companies are one victim, pension plans another. Looking specifically at defined-benefit pension plans, the plan sponsor (corporation, maybe, or municipality) is obligated to pay current and future retirees a specific dollar amount from now until a spouses’ death.
The latest pearl of wisdom from Soylent Greenspan…..
http://www.makemebuy.com/1/post/2011/10/greenspan-says-houses-should-be-burned-
to-help-keep-prices-higher.html
Wen Says World Must Get ‘House In Order,’ Not Rely on China
September 13, 2011, 11:30 PM EDT
(Updates with comment from Wen in second paragraph.)
Sept. 14 (Bloomberg) — Chinese Premier Wen Jiabao, facing calls to widen support for indebted Europ…
We saw it with homes, especially condos, now we see refusal of lenders to take possession of cars and boats following bankruptcy.
Please consider My lender refuses to repossess my car
Dear Bankruptcy Adviser,
I was forced to file Chapter 7 bankrup…
RICHMOND, Ill. — In this distant Chicago suburb, a builder has finally found a way to persuade people to buy a new house: he throws in a car.
Kim Meier’s spring promotion, which includes a $17,000 credit at a nearby General Motors dealer,…
The most expensive house to be lost to foreclosure in the past three years in Jacksonville, Florida, for example, sold for $1.5 million Wednesday – $1.4 million below its county property appraised market value. The nine bedroom, 11 bathroom, 10,00…
Click on the link for the 7 reasons…
The financial media has for the most part finished their presentations of expert forecasts for the coming year. And as you’ve probably gathered, most of the strategists from the major Wall Street houses expec…