Financial Crisis

(Credit: Thinkstock)

Treasury Dept. Warns Of Catastrophic Debt Default

“A financial crisis and recession that could echo the events of 2008 or worse.” That’s the dire warning the Treasury Department issued Thursday about the possibility the GOP forced government shutdown could tumble into a debt default by the United States.

CBS Miami–10/03/2013


Bank Regulators Seize Naples Bank

Bank regulators seized a Naples, Fla.-based bank this week, forcing customers to take their money elsewhere.

CBS Miami–07/21/2012

(Photo by Joe Raedle/Getty Images)

Gov. Scott Apologizes For Elephant Gaffe In Spain

Florida Gov. Rick Scott faced the elephant in the room – so to speak – upon returning Thursday from a weeklong trade mission to Spain.


(Source: AP)

Sentencing Held For 2 Fla. Execs Involved In $3B Fraud

Two executives at what was the nation’s largest private mortgage lender will be sentenced for their roles in a $3 billion fraud that contributed to the sixth-largest bank collapse in U.S. history.


Lauderdale Lakes Answers Questions on Financial Crisis

The city manager of Lauderdale Lakes answered some tough questions from the state Inspector General in the Governor’s Office regarding the city’s financial crisis. In a letter from Anita Fain Taylor to Kim Mills, Director […]


Financial Problems Revealed in Lauderdale Lakes

The financial crisis in the the city of Lauderdale Lakes is even worse than we knew. And residents may see their taxes increase by one-third to make up the shortfall. According to a report from […]