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Credit Crunch

A Note To the Employees Of Bear Stearns

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

I'm sure your eyes goggled when you saw it too. JP Morgan paid a couple or three hundred million for a company worth incalculably more. It's stunning.

Everything You Wanted To Know About The Credit Crunch (But Were Afraid To Ask)

New York TImes | David Leonhardt | Posted 05.25.2011 | Business

Raise your hand if you don't quite understand this whole financial crisis. It has been going on for seven months now, and many people probably feel a...

U.S. Economy Battles Host Of Financial Woes

New York Times | Vikas Bajaj | Posted 05.25.2011 | Business

Almost everything seems to be going wrong for the American economy at once. People are buying less, but most things are costing more. Mortgage rates a...

Profits At Goldman, Lehman Slashed In Half

MarketWatch | Greg Morcroft | Posted 05.25.2011 | Business

Wall Street titans Lehman Bros. and Goldman Sachs, at the center of a credit storm swirling through the global financial markets, both said Tuesday th...

Is The Fed Giving Wall Street A Free Ride?

BusinessWeek | Chris Farrell | Posted 05.25.2011 | Business

Booms and busts are inevitable in a capitalist system. Right now, the Federal Reserve and, belatedly, the U.S. Treasury, are out to avoid facing the t...

Ross Bets A Billion On Municipalities' Strength

New York Post | Paul Tharp | Posted 05.25.2011 | Business

Wilbur Ross - who's betting $1 billion that municipalities will beat their latest funding crisis - says politicians are trying to help but have it all...

Is This The Worst Crisis Ever?

Eben Esterhuizen | Posted 05.25.2011 | Business
Eben Esterhuizen

A bear market is only possible if there is a consensus that a financial crisis is significantly worse than ever before. And that is why we are currently in a bear market.

Time To Buy A House?

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

For those with a little bit of actual cash in the bank, this might be getting within shouting distance of the time to start looking at that house we could never afford.

Looking For Mr. Goodnews

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

Inflation in China is very high. It's hard to figure how that will benefit us, but on a list of things that come under the rubric "grim satisfaction,"...

Recession 101: What Are the Signs?

ABC News | Posted 05.25.2011 | Business

Though the country is not yet officially in a recession, some economists argue the signs are pointing to one. A dismal job report released Friday add...

Frugal Consumers Swap Steak For Chicken

Reuters | Posted 05.25.2011 | Business

At U.S. warehouse club stores, a growing number of shoppers are giving up steak for cheaper chicken. Coffee sales are soaring at McDonald's, while hig...

Merrill Lynch CEO Says Worst is Over

Reuters Via CNBC | Posted 05.25.2011 | Business

U.S. bank Merrill Lynch will not need to return to the market again following the turbulence in credit markets that forced it to raise nearly $13 bill...

Fed Acts To Ease Strain On U.S. Economy

New York Times | Edmund L. Andrews | Posted 05.25.2011 | Business

Impelled to take extraordinary measures for the second time in less than a week, the Federal Reserve moved on Tuesday to subdue the deepening crisis i...

AIG Hammered By Credit Crunch

Wall Street Journal | Liam Pleven | Posted 05.25.2011 | Business

The credit crunch hit American International Group Inc. with brute force, as the global insurer reported a $5.3 billion fourth-quarter loss largely be...

Wall Street Gears For New Pain

Wall Street Journal | LINGLING WEI, RANDALL SMITH | Posted 05.25.2011 | Business

After suffering a beating from their exposure to home loans, banks and securities firms are about to take their lumps from office towers, hotels and o...

KKR In Credit Crunch

New York Post | ZACHERY KOUWE | Posted 05.25.2011 | Business

Even the barbarians didn't think the credit crisis would last this long. A firm affiliated with leveraged buyout giant Kohlberg Kravis Roberts & Co.,...

Consumer Spending Likely To Slow

Financial Times Via Yahoo | Chris Giles | Posted 05.25.2011 | Business

Consumer spending is likely to slow significantly because of tighter credit conditions, according to Tim Besley, an external member of the Bank of Eng...

Report: Banks "Quietly" Borrow $50 Billion from Fed

Reuters | Posted 05.25.2011 | Business

Banks in the United States have been quietly borrowing "massive amounts" from the U.S. Federal Reserve in recent weeks, using a new measure the Fed in...

U.S. Subprime Crisis Costs World $7.7 Trillion Dollars

AFP | Posted 05.25.2011 | Business

The meltdown in the US subprime real-estate market has led to a global loss of 7.7 trillion dollars in stock-market value since October, a report by B...

Bush Administration Hides More Data, Shuts Down Website Tracking U.S. Economic Indicators

Think Progress | Posted 05.25.2011 | Business

The U.S. economy is faltering. Family debt is on the rise, benefits are disappearing, the deficit is skyrocketing, and the mortgage crisis has worsene...

Goldman CFO: Fear Is Ruling The Markets

Bloomberg Via NYP | Posted 05.25.2011 | Business

US credit markets are trading as if the economy is in a recession because investors' "fear has overwhelmed greed," Goldman Sachs Group Inc. Chief Fina...

AIG's Debt Problems Could Land CEO In Hot Water

CNBC | Charlie Gasparino | Posted 05.25.2011 | Business

American International Group's disclosure that its losses from risky debt may be billions of dollars more than previously reported could eventually pu...

Will Bernanke Send Wall Street A Valentine?

CNBC | Albert Bozzo | Posted 05.25.2011 | Business

Federal Reserve Chairman Ben Bernanke has yet to win the hearts and minds of many on Wall Street. But a stand-out performance during his appearance be...

Fed President "Not Confident" Recession Avoidable

Reuters Via CNBC | Posted 05.25.2011 | Business

San Francisco Federal Reserve Bank President Janet Yellen on Thursday indicated a willingness to cut U.S. interest rates further and said she was "not...

Credit Crunch Worsening

Wall Street Journal | LIZ RAPPAPORT, CARRICK MOLLENKAMP, KAREN RICHARDSON | Posted 05.25.2011 | Business

A widening array of financial-market problems threatens to trigger a new phase in the global credit crunch, extending it beyond the risky mortgages th...