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Selected NewsLunch Lady Suffers as Banks Prepare $2 Trillion in Lending Cuts (Bloomberg.com)March 26 (Bloomberg) Peloton Partners LLP liquidated a $1.8 billion London hedge fund, gadgetretailer Sharper Image Corp. filed for bankruptcy and Monica Tomasso is paying 35 percent interest to expand her schoollunch business. Read more UK house prices will escape Americas crash (Daily Telegraph)Last week, the impact of the credit crunch clearly escalated. An 85yearold US investment bank went bust. Parallels were drawn with 1929. Read more Color of Money Book Club (Washington Post)Personal finance columnist Michelle Singletary hosted an online discussion with Stuart Vyse, author of Going Broke: Why Americans Cant Hold On to Their Money (Oxford University Press), on Thursday, March 20 at Noon ET. Read more Blogs about Virginia Home Equity Loan
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