iOS app Android app

Credit Crunch

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...

Home Prices May Sink Another 25% By 2010

BusinessWeek | Peter Coy | Posted 05.25.2011 | Business

As Washington policymakers struggle to keep the U.S. out of recession, the swirling confusion over the housing market is making their job a lot toughe...

Spitzer: "Financial Tsunami" Is Coming

AFP | Posted 05.25.2011 | Business

New York state governor Eliot Spitzer warned Thursday that bond and credit woes afflicting Wall Street and global markets could turn into a more damag...

Who Benefits From The Subprime Crisis?

New York Times | Stephen J. Dubner | Posted 05.25.2011 | Business

The parties who are suffering from the subprime crisis are vast and varied, as well as in the newspapers every day. One reason the crisis has gotten s...

Fed Increases Lending To Banks

Reuters | Posted 05.25.2011 | Business

United States banks on average borrowed $4.83 billion a day directly from the Federal Reserve in the week ended Dec. 26, up from $4.62 billion a day t...

Florida Caught In Eye Of Burst Real Estate Bubble

New York Times | Peter S. Goodman | Posted 05.25.2011 | Business

Two years ago, when Eric Feichthaler was elected mayor of this palm-fringed, middle-class city, he figured on spending a lot of time at ribbon-cutting...

U.S. Mortgage Crisis Rivals '80s S&L Meltdown

Wall Street Journal | GREG IP , MARK WHITEHOUSE and AARON LUCCHETTI | Posted 05.25.2011 | Business

The home has long been the bedrock asset of most American families. Now, its value has become the biggest question mark hanging over the global econom...

Long-Feared Consumer Crunch Is Coming

BusinessWeek Via MSNBC | Michael Mandel | Posted 05.25.2011 | Business

The long-awaited, long-feared consumer crunch may finally be here. That might not mean an economywide recession, but the pain for American households ...

3 Myths About The Turbulent Market

Fool.com | Morgan Housel | Posted 05.25.2011 | Business

The past few months haven't been short of hair-raising moments in the stock market. From panic to jubilation, and then back to panic, it's hard to tel...