Real Estate & Property Law
: Housing WireBofA Needs $44 Billion, Citi Pushes Joint Venture
By DIANA GOLOBAY (index)
Federal regulators found Bank of America (BAC: 12.69 +17.07%), one of the major US banks faced with a government-initiated stress test, is lacking capital on the order of $33.9bn, a bank executive told the New York Times.
Although executives said they consider the number larger than the bank actually needs, BofA has capital-raising alternatives to converting [...]
Full post as published by Housing Wire on May 06, 2009 (boomark / email).

More on Citi Deal for Wachovia
“The FDIC in a press release stressed that Wachovia did not fail. Citi will take the hit for up to $42 billion of losses on a $312 billion pool of Wachovia loans, while the FDIC will take responsibilities for additional losses...
Subprime Legal: In Cwide/BofA, Will Law Stand in the Way of Business?
Could law be standing in the way of business? Both the NYT and WSJ have stories today citing speculation that Bank of America may back off its commitment to buy mortgage lender Countrywide for $4...
Getting the Signals Crossed
Now we know why the Obama administration asked President Bush to go ahead and request the remaining $350 billion of TARP funds: Bank of America needs another bailout...
Indiana Court of Appelas and Joint Ventures
The Indiana Lawyer reports that the Indiana Court of Appeals has a new decision regarding joint ventures: COA sides with Lauth in casino suitLauth filed a motion for summary judgment in June 2006 claiming that the agreement formed a joint venture at most and that it was terminated when the Gaming Commission chose Trump over Lost River's proposal...
The Citi Deal Looks Like Citi-Wachovia
The Citi bailout may be a sign that the Fed is tiring of taking the lead on these sorts of...
SEC Finalizes ARS Settlements with Citi and UBS
The SEC finalized settlements with Citigroup Global Markets, Inc. (Citi) and UBS Securities LLC and UBS Financial Services, Inc...
Foreign Investment and National Security Act of 2007
Strengthens examination requirements of the Committee on Foreign Investment in the United States
I married American citizen 2 years ago and have conditional permanent resident status. The marriage has not gone well and my husband has left. What effect will filing for divorce have on my application to have conditions
Many visas, etc., involving spouses must be applied for by both spouses (for exa...
Mother left family property in stepfateher's name, Anyway to fight for it?
If deed is stated in step fathers name most likely it will stay that way....try ...
A judgement was issued against my ex and I, but they won't go after him. How do I make them?
unfortunately they don't care about the divorce agreement or papers, al the...
My sister and I own a home in joint name with rights of surviorship. We have both since married, she has chosen to live in the home with her new husband. My question is: 1) can I charge him rent separately 2) what do I n
Each state has different statues/laws... so it sorda depends on that.. But in my...
My daughters father, after being absent for 2 years, was just recently given joint legal with physical placement with me. I found out that his girlfriend, whom the judge in our case has to is not to be involved at all wi
Unfortunately, your daughter has two parents, and a matter such as this can be d...
Developer Investment
Raffaello Follieri agrees to $12 million joint venture settlement.
Joint Venture
Gallaher Group agrees to pay Reynolds American $387 million contract dispute settlement.
Property Tax
City of Midland agrees to refund Midland Cogeneration Venture $36.2 million for over assessing land.
Bank of America
Buys Merrill for $50 Billion
MasterCard
settles antitrust lawsuit with Amex for $1.8 billion
Billion Dollar Ice Market
Probed for Price-Fixing

I married American citizen 2 years ago and have conditional permanent resident status. The marriage has not gone well and my husband has left. What effect will filing for divorce have on my application to have conditions
Many visas, etc., involving spouses must be applied for by both spouses (for exa...
Mother left family property in stepfateher's name, Anyway to fight for it?
If deed is stated in step fathers name most likely it will stay that way....try ...
A judgement was issued against my ex and I, but they won't go after him. How do I make them?
unfortunately they don't care about the divorce agreement or papers, al the...
My sister and I own a home in joint name with rights of surviorship. We have both since married, she has chosen to live in the home with her new husband. My question is: 1) can I charge him rent separately 2) what do I n
Each state has different statues/laws... so it sorda depends on that.. But in my...
My daughters father, after being absent for 2 years, was just recently given joint legal with physical placement with me. I found out that his girlfriend, whom the judge in our case has to is not to be involved at all wi
Unfortunately, your daughter has two parents, and a matter such as this can be d...







