Latest Default Stories

2011-12-03 11:24:45

Is there a psychological reason why people default on their mortgages?

2011-07-14 19:55:00

TORONTO, July 14, 2011 /PRNewswire/ -- Standard & Poor's has placed its 'AAA' long-term and 'A-1+' short-term sovereign credit ratings on the United States of America on CreditWatch with negative implications.Standard & Poor's uses CreditWatch to indicate a substantial likelihood of it taking a rating action within the next 90 days, or in response to events presenting significant uncertainty to the creditworthiness of an issuer.

Word of the Day
  • The practice of two or more parties jointly purchasing all or part of a butchered cow and dividing the meat between them.
The word 'cowpooling' was formed on the model of 'carpooling'.