News: Lender Of Last Resort

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Entertainment Properties Trust Reports Second Quarter Results
MarketWatch (press release)
On June 21, 2010, the Company prepaid its $56.3 million mortgage note related to Concord Resort that was scheduled to mature in September 2010. ...

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Published on Thursday 29th of July 2010 09:18:15 PM Read more...
Published on Thursday 29th of July 2010 09:18:15 PM Read more...

Abitibi, Controladora, Almatis, General Growth, Texas Rangers: Bankruptcy
Bloomberg
The judge cited a federal appeals court which said that substantive consolidation is “a rough justice remedy of last resort.” The judge said litigation over ...

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Published on Thursday 29th of July 2010 09:18:15 PM Read more...

Banking needs more robust stress tests than these
Financial Times
Capital adequacy was designed for a world in which a lender of last resort would turn the good but illiquid assets of a solvent bank into cash. ...

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Published on Thursday 29th of July 2010 09:18:15 PM Read more...

OTC Tip Reporter: Reports: Logansport Financial Corp., (OTCBB: LOGN), China ...
Trading Markets (press release)
The Company is currently in negotiations to secure bank or lender financing for the transaction and expects to close upon securing the necessary capital. ...

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Published on Thursday 29th of July 2010 09:18:15 PM Read more...

Sanusi Says Nigerian Bank Liquidation Is Last Resort
BusinessWeek
July 16 (Bloomberg) -- The Central Bank of Nigeria will only liquidate the commercial banks it bailed out last year if their shareholders fail to find new ...

Published on Thursday 29th of July 2010 09:18:15 PM Read more...

Makena Beach & Golf Resort on Maui sells for $95M
The Associated Press
On Tuesday, the lender group prevailed with the $95 million bid after Raffetto agreed to reopen the bidding at the confirmation hearing to allow two ...
Sale of Makena Beach & Golf Resort finalizedBizjournals.com

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Published on Thursday 29th of July 2010 09:18:15 PM Read more...

The Real Shirley Sherrod Story
Patriot Post
This despite the fact that she believes the USDA should be a lender of first resort for black farmers, particularly "poor" black farmers. ...

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Published on Thursday 29th of July 2010 09:18:15 PM Read more...


Virgin Islands Daily News
Lender seeks to foreclose on Golden Resorts
Virgin Islands Daily News
The suit comes on the heels of a lawsuit filed in September by Golden Resort's principal, Paul Golden, claiming he never got much of the money he was ...

Published on Thursday 29th of July 2010 09:18:15 PM Read more...


Palm Beach Daily News
Omphoy facing possible foreclosure; mortgage holder Stabfund alleges default
Palm Beach Daily News
The Omphoy Ocean Resort is facing possible foreclosure following a complaint filed by the mortgage holder earlier this month. The lender ...

Published on Thursday 29th of July 2010 09:18:15 PM Read more...

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