Sub Prime

Boiler Rooms and Foreclosure Mills: A Brief History of America's Mortgage Industry

Michael W. Hudson | Posted 05.25.2011

Read More: Richard Cordray, Sub-Prime, Foreclosures, Foreclosure Mill, Center for Public Integrity, Ally Financial, Mortgage Crisis, Boiler Room, Gmac, Predatory Lending, The Monster, Foreclosure, Subprime, Alan Greenspan, Sub-Prime Mortgage Crisis, Mortgage Fraud, Attorney General, Obama, Business News
Michael W. Hudson

Washington failed to act the first time around -- when lenders were engaged in a frenzy of predatory lending. The foreclosure scandal is a second chance for lawmakers to prove they can ferret out the truth.

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Eurogate -- The New Fannie, Freddie and AIG

Diane Francis | Posted 05.25.2011

Read More: Sub-Prime, Europe, Freddie Mac, AIG Meltdown, Currency, European Union, Fannie Mae, U.S. Dollar, Euro, China Currency, China, Business News
Diane Francis

We enter a new currency melee which gives "Beware the Greeks" new meaning. Greece is only the beginning of a new Euro Plague, whose value will be drubbed by a complete failure to supervise members.

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Why Ben Bernanke Should Not be Confirmed, and the Fed Should Keep its Autonomy

Georges Ugeux | Posted 05.25.2011

Read More: Sub-Prime, Tarp, Democrat, Congress, President Barack Obama, Ron Paul, Congressional Oversight, Republican, Economists, Central Banks, Federal Reserve, Ben Bernanke, Alan Greenspan, Paul Volcker, Business News
Georges Ugeux

One of the casualties of this crisis is the capacity of economists to read the signs and launch warning signals. While Ben Bernanke understands economics and numbers, he lacks the necessary instincts.

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The $20 Billion Gamble: The Greatest Coup in Financial History

Blake Fleetwood | Posted 05.25.2011

Read More: Sub-Prime, Goldman Sachs, Greg Zuckerman, Lehman Brothers, Bear Stearns, Hedge Fund, Lehman Brothers Bankruptcy, Sub-Prime Mortgage Crisis, Sub-Prime Mortgages, John Paulson, The Greatest Trade Ever, Citigroup, Real Estate Boom, Wall Street Journal, Business News
Blake Fleetwood

Paulson made his bets in late 2006 just as the sub-prime mortgage markets were starting to weaken. His timing was impeccable, as was his luck.

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Risk-taking Is Back For Banks 1 Year After Crisis

AP | By STEVENSON JACOBS | Posted 05.25.2011

Read More: Finance, Banks, Global Economy, Bailout, Regulation, Goldman Sachs, Risk, JP Morgan, Lehman Brothers, Sub-Prime, Lending, Personal Finance, Tarp, Crisis, Economy, Business News

NEW YORK (AP) -- A year after the financial system nearly collapsed, the nation's biggest banks are bigger and regaining their appetite for risk. Gol...

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Bonfire of The Vanities: The Arrogance of British Politics

Cedric Perrier | Posted 05.25.2011

Read More: Sub-Prime, House of Commons, Congress, Britain, Parliament, Bbc, Member of Parliament, Labour Party, David Cameron, Democracy, Tony Blair, Telegraph, Recession, England, Gordon Brown, Prime Minister, Conservatives, Madoff, Mp, Parliamentary Expenses, Republicans, World News
Cedric Perrier

Politicians have long been fodder for the rabble-rousing editor of any tabloid, but when exactly did we stop respecting or appreciating those we elect to represent us in the legislative process?

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Jon Stewart Deserves a News Emmy

Reese Schonfeld | Posted 05.25.2011

Read More: Sub-Prime, Cnbc, Cnn, Emmys, Jon Stewart, Jim Cramer on the Daily Show, Financial Derivatives, Lou Dobbs, Myron Kandel, The Daily Show, Dan Dorfman, Emmy Awards, Jim Cramer, Media News
Reese Schonfeld

I despise the political pundits who think that they alone are entitled to comment on things politic. They claim Jon Stewart invaded their turf by interviewing Jim Cramer.

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US Dollar Devaluation as Predicted

Diane Francis | Posted 05.25.2011

Read More: Sub-Prime, Congress, Economic Crisis, Lobbying, Bonds, Banking Crisis, Credit Crisis, Obama, China, Recklessness, Geithner, Presidency, Bush, Bernanke, Saudi Arabia, Henry Paulson, Business News
Diane Francis

The Chinese are starting to switch from investing in U.S. T-bills to buying hard assets for stockpiling or acquiring corporations at bargain-basement ...

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Who You Callin' a Slumdog?

Sanjay Khanna | Posted 05.25.2011

Read More: Poverty, Paul Krugman, Slumdog Millionaire Best Picture, Economic Inequality, Slumdog Millionaire, Sub-Prime, Oprah Winfrey, Economic Crisis, Slums, Lisa Ling, World News
Sanjay Khanna

The enthusiastic embrace of Slumdog Millionaire may actually signify a sober recognition that growing inequality has become a permanent, unchangeable facet of U.S.

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The World's Smartest Money Man on the Crisis

Diane Francis | Posted 05.25.2011

Read More: Sub-Prime, Mortgage Crisis Bailout, President Obama, Credit Meltdown, Trillion-Dollar Stimulus, Credit Default Swaps, Obama, Stimulus, Rescue Plan, Canadian, Prem Watsa, Fairfax Financial, Rescue, Financial Crisis, Crisis, Wall Street, Budget Deficits, Business News
Diane Francis

The year 2008 will go down as one of history's worst, but it was the best year in the history of Canada's Fairfax Financial Holdings Limited.

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South African Execs Looking For An Obama Victory

Georgianne Nienaber | Posted 05.25.2011

Read More: Sub-Prime, Timber Industry, York Timber, South Africa, Natural Disasters, Inflation, Obama, Mccain, Nigeria, Kenya, Sarah Palin, Home News
Georgianne Nienaber

Our economy is tied to the U.S. economy and the U.S. Republican policies have failed. Most South African analysts believe a black U.S. president will more easily de-polarize the world and undo the divide between the East and West.

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Freddie and Fannie: Republican victims

Diane Francis | Posted 05.25.2011

Read More: Mortgage Lending Sector, George Bush, Sub-Prime, Housing, Investment Banks, U.S. Treasury, Fannie Mae, Eliot Spitzer, Real Estate Sector, Fraud, Mortgages, Fannie Mae Bailout, Freddie Mac, Bear Stearns Bailout, Wall Street, Economy, Rrepublicans, Business News
Diane Francis

The announcement on Sunday that the Fed and U.S. Treasury will backstop these two financial intermediaries is an entirely predictable, latter-day outcome as a result of cowboy capitalism.

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Goldman Sachs Boasts High Earnings

Wall Street Journal | Posted 05.25.2011

Read More: Sub-Prime, Earnings Report, Goldman Sachs, Reported Earnings, Hedge Funds, Economy, Banking Crisis, Bear Stearns, Stock Market, Wall Street, Investment Banking, Mortgage Crisis, Business News

When Bear Stearns was dying (and even just before) many wondered what would happen to its successful prime brokerage business, which is engaged in the...

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