It seems that two of the nation's largest business development companies are dealing with serious debt restructuring. American Capital Limited and Allied Capital Corporation continue to work out a deal with lenders to resolve various debt defaults and covenant violations. … [Read more...]
An Additional $13.8 Billion Requested By Freddie Mac After Serious Losses
December 20, 2008 By Leave a Comment
As of November 14, Freddie Mac, the mortgage-lending giant taken over by the federal government only two months ago, requested an additional $13.8 billion from the US Treasury. The move was an effort to stabilize the company after it suffered record quarterly losses. The amount was authorized and the … [Read more...]