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Highlights

A collection of news and information related to Guaranty Corporation published by this site and its partners.

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    May 21, 2013 |Story| Allentown Morning Call

  1. KidsPeace files for bankruptcy

    Carrying $240 million in debt, Orefield-based KidsPeace filed for bankruptcy Tuesday.
    Carrying $240 million in debt, Orefield-based KidsPeace filed for bankruptcy Tuesday. The move comes after years of struggles in which the organization that gives treatment to troubled and autistic children laid off workers and missed debt payments....

    Tags: Bethlehem Steel, New York City, Job Layoffs, Financially Distressed Companies, Finance

    2. May 17, 2013 |Column| Allentown Morning Call

  2. Goldman Sachs wins even when muzzled by the feds

    Almost three years ago, when Goldman Sachs Group Inc. paid $550 million to settle fraud accusations by the Securities and Exchange Commission, one of the claims was that Goldman misled the bond-insurer ACA Financial Guaranty Corp. in a horribly complex...

    Tags: Trials, Mary Jo White, Ben Bernanke, Federal Reserve, University of Chicago

    3. May 1, 2013 |Story| Reuters

  3. INSIGHT-U.S. miners' union charts new course to save benefits in bankruptcy

    Reuters
    By Nick Brown May 1 (Reuters) - As mineworkers and retirees battle to salvage their pensions and benefits from the bankruptcy of Patriot Coal Corp, lawyers for their union are trying an unusual gambit - and one that may be a test case for workers' rights...

    Tags: Mining, Illegal Immigrants, Financially Distressed Companies, Economy, Business and Finance, Crime, Law and Justice

    4. May 1, 2013 |Story| Reuters

  4. Insight: Miner's union charts new course to save benefits in bankruptcy

    Reuters
    (Reuters) - As mineworkers and retirees battle to salvage their pensions and benefits from the bankruptcy of Patriot Coal Corp, lawyers for their union are trying an unusual gambit - and one that may be a test case for workers' rights when companies...

    Tags: Mining, Business Enterprises, Illegal Immigrants, Financially Distressed Companies, Economy, Business and Finance

    5. Apr 26, 2013 |Story| Reuters

  5. Judge won't block SEC use of recording against Goldman's Tourre

    Reuters
    * Judge declines to block use of January 2007 call recording in lawsuit * Case centers on CDO called Abacus 2007-AC1 * Trial set for July 15 By Nate Raymond NEW YORK, April 26 (Reuters) - Three years after Fabrice Tourre became the face of a major U....

    Tags: Trials, U.S. Congress, Litigation, Crime, Law and Justice, U.S. Securities and Exchange Commission

    6. Apr 4, 2013 |Story| Los Angeles Times

  6. Regulators probing alleged mortgage insurance kickback scheme

    WASHINGTON — Federal regulators are conducting an extensive investigation into an alleged mortgage insurance kickback scheme that pushed up costs for home buyers dating from the mid-1990s.
    WASHINGTON — Federal regulators are conducting an extensive investigation into an alleged mortgage insurance kickback scheme that pushed up costs for home buyers dating from the mid-1990s. The Consumer Financial Protection Bureau, in disclosing...

    Tags: U.S. Department of Housing and Urban Development, Mortgages, Real Estate Buyers, Punishment, Finance

    7. Apr 4, 2013 |Story| Los Angeles Times

  7. Feds fine four mortgage insurers $15 million for alleged kickbacks

    WASHINGTON -- Federal regulators hit four national private mortgage insurance companies Thursday with a combined $15.4 million in fines to settle allegations of making improper kickbacks to lenders to steer consumer business to them.
    WASHINGTON -- Federal regulators hit four national private mortgage insurance companies Thursday with a combined $15.4 million in fines to settle allegations of making improper kickbacks to lenders to steer consumer business to them. The fines, which...

    Tags: U.S. Department of Housing and Urban Development, Mortgages, Punishment, Finance, Genworth Financial Inc

    8. Apr 3, 2013 |Story| Baltimore Sun

  8. RG Steel creditors' lawsuit request is flawed, executives say

    The executives whom RG Steel's unsecured creditors want to sue for allegedly mismanaging the bankrupt company said in court filings this week that the claims are baseless.
    The executives whom RG Steel's unsecured creditors want to sue for allegedly mismanaging the bankrupt company said in court filings this week that the claims are baseless. The Official Committee of Unsecured Creditors asked permission in February to sue...

    Tags: Trials, Bankruptcy, Politics, Litigation, Interior Policy

    9. Feb 1, 2013 |Story| Baltimore Sun

  9. RG Steel creditors withdraw request to sue Rennert

    Unsecured creditors in the RG Steel bankruptcy case withdrew Friday their request to sue the company's billionaire founder.
    Unsecured creditors in the RG Steel bankruptcy case withdrew Friday their request to sue the company's billionaire founder. The Official Committee of Unsecured Creditors had in January asked the U.S. Bankruptcy Court in Wilmington for permission to go...

    Tags: Bankruptcy, Politics, Interior Policy, The Renco Group, Inc., Financially Distressed Companies

    10. Jan 29, 2013 |Story| Baltimore Sun

  10. Pension agency sues Renco Group over RG Steel deal

    The federal Pension Benefit Guaranty Corp. is suing the Renco Group — parent of bankrupt RG Steel — for allegedly attempting to "evade liability" for the steelmaker's pension obligations.
    The federal Pension Benefit Guaranty Corp. is suing the Renco Group — parent of bankrupt RG Steel — for allegedly attempting to "evade liability" for the steelmaker's pension obligations. The agency is seeking $97 million from the New York...

    Tags: Bethlehem Steel, Trials, Bankruptcy, Politics, Interior Policy

    11. Jan 4, 2013 |Story| Aberdeen News

  11. Financial aid information available for Central seniors

      Aberdeen Central High School seniors and their parents are invited to a financial aid information night at 7 p.m. Monday.  Topics during the presentation in the Thomas F. Kelly Theatre will include the application process, postsecondary education...
    12. Jan 1, 2013 |Column| Chicago Tribune

  12. A remedy for beggar states

    The nation's menu of crises caused by governmental malpractice may soon include states coming to Congress as mendicants, seeking relief from the consequences of their choices. Congress should forestall this by passing a bill with a bland title but explosive potential.
    The nation's menu of crises caused by governmental malpractice may soon include states coming to Congress as mendicants, seeking relief from the consequences of their choices. Congress should forestall this by passing a bill with a bland title but...

    Tags: Republican Party, General Motors Corp., Ben Bernanke, U.S. Congress, Federal Reserve

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