Facing potential bankruptcy, the board that governs the once flush-with-cash Kansas City school district is taking the unusual and contentious step of shuttering 29 out of 61 public schools.

The latest data show small-business bankruptcies up 81% in the state for the 12 months ended Sept. 30

A dire prediction made by government officials in early 2009 has come true: the FDIC’s deposit insurance fund is now broke, according to published reports.

Capmark Files for Bankruptcy With $21 Billion in Debt Published on 10-27-2009 Source: Bloomberg (via BlackListedNews) Capmark Financial Group Inc., the lender owned by companies including Goldman Sachs Group Inc. and KKR & Co., filed for bankruptcy protection after posting a second-quarter loss of about $1.6 billion. The company listed consolidated debt of $21 billion and [...]