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See update on 3/24/08 post
Today (1/02/08), we learned of a bill proposed in Maine (HB 1478) that would increase the threshold at which performance and payment bonds are required for public works projects, including highways, from $100,000 to $250,000. Also, the bill would give the State discretion to accept letters of credit in lieu of surety [...]
Filed under: Surety Legal Issues, Surety Legislation | Leave a Comment »
11/18/08 – Over the last month or so there has been too much news on this subject to cover on this post. Here are previous updates that seem mild compared to recent events.
Banks may have write down untold billions due to new accounting rule (10/10/08)
Fed Leaves Key Interest Rate Unchanged (9/16/08)
The Federal Reserve said the [...]
Filed under: Bank Credit, Economy | Leave a Comment »