Interesting Tidbits

Tuesday, June 02, 2009

Borrowed from The Week magazine:

Private golf clubs stave off bankruptcy
Nationwide, more than 500 private golf clubs are at serious risk of closing, as recession-racked members have resigned in record numbers. To stave off bankruptcy, clubs have been lowering dues and—gasp—opening courses to the general public for a fee.
The Washington Post

One homeowner helped, 399,999 to go
In October, the Federal Housing Administration launched the Hope for Homeowners program, setting aside $300 billion to help 400,000 homeowners avoid foreclosure. So far, only one homeowner has benefited from the program, due to red tape, expensive fees, and insufficient incentive for lenders to participate.


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