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GM Collapse at $200 Billion Would Exceed Bailout Tab, Firm Says Bloomberg - 9 hours ago ... Global Insight estimate , which Behravesh supplied to Bloomberg News, are the anticipated costs for existing programs, such as unemployment insurance , ...
- Circuit City files for bankruptcy (Northwest Herald)
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Virginia-based Circuit City filed for Chapter 11 bankruptcy protection Monday, citing a need to free up the flow of merchandise to its stores during the holiday shopping season.
- Banks to clamp down on credit card holders (Modesto Bee)
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The credit crunch is closing in on credit cards. Banks that got burned on bad mortgages are now bracing themselves for billions more in bad debt on credit cards - so they're trying to cut their losses by cutting off customers.
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