The downfall of General Growth Properties and the Bucksbaum family. They may have to declare bankruptcy Friday if they cannot meet a loan payment approaching $1 billion. Just goes to show that this financial distress is influencing the upper crust just as much as the little guy.
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2 Comments:
At December 09, 2008 8:53 AM , Unknown said...
Start doing your happy dance Mike--Rod Blagojevich arrested...
At December 13, 2008 1:59 AM , Michael Wotka said...
I am not happy to see our new President already facing the taint of scandal and he hasn't even been sworn in yet. Hope and change, right? Might need to switch out Rahm Emanuel first... Doesn't this bother you in the slightest?
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