Charting Stocks

By Joseph Stiglitz
With all the talk of “green shoots” of economic recovery, America’s banks are pushing back on efforts to regulate them. While politicians talk about their commitment to regulatory reform to prevent a recurrence of the crisis, this is one area where the devil really is in the details – and the banks will [...]

Reuters is reporting that Trump Entertainment Resorts Inc. has filed for Chapter 11 bankruptcy protection.
This would be the third trip to the bankruptcy courts for Trump Entertainment, though my hunch is that this will be the last. Nine other Trump affiliated companies have also sought bankruptcy protection. Trump Plaza Associates, Trump Marina Associates and Trump [...]

Trump Entertainment Resorts in Atlantic City may be filing for bankruptcy.
Charting Stocks speculated that Trump was in trouble in this post.  In November, Trump Entertainment Resorts missed their $53.1 million interest payment due to bondholders. The company was suffering from a collapse in revenues due to the economic depression.
Trump, who owns 28% of the common [...]

GM is considering chapter 11 bankruptcy and forming  new company.
WSJ reports  “”One plan includes a Chapter 11 filing that would assemble all of GM’s viable assets, including some U.S. brands and international operations, into a new company.”
The plan would allow the new company to keep the viable assets while liquidating the undesirable assets under the [...]

Donald Trump & Co. Maxed Out

You know times are rough when Donald Trump can’t pay his bills!
Trump Entertainment Resorts announced that it will have to miss the $53.1 Million interest payment due to it’s bondholders on Monday. Citing a collapse in revenues and a poor economic environment, the Atlantic City Casino operator says that it [...]