Subprime Mortgage

Wall Street Banks Sued For Massive Fraud In Subprime Deals

HuffingtonPost.com | William Alden | Posted 11.02.2011

Read More: Wall Street Banks Sued, Geithner, Immelt, Stock Market, Economy, Demarco, Bank of America, Jobs, Federal Housing Finance Agency, Obama, Bofa, Subprime Mortgage Deals, Fhfa, Lawsuit, Fraud, Citi, Politics, Video, Wall Street, Jpmorgan, Banks, Fhfa Sues Banks, Subprime Mortgage, Ge, Business News

The federal government late Friday filed lawsuits against 17 financial institutions, including some of the nation’s largest banks, alleging a patter...

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Fund's Bet On Post-Failure Lehman Brothers Could Reap Huge Rewards

Wall Street Journal | MATT WIRZ, MIKE SPECTOR and TOM MCGINTY | Posted 07.10.2011

Read More: Lehman Brothers Holding, Investment Bank, Wall Street, John Paulson, Lehman Brothers, Subprime Mortgage, Bankruptcy Court, Business News

Hedge-fund manager John Paulson made $4 billion betting against subprime mortgages, the market that ultimately helped destroy Lehman Brothers Holdings...

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How Do Oil Shocks Cause Recessions?

Jeffrey Rubin | Posted 05.25.2011

Read More: Oil Prices, Interest Rates, China, Inflation, Recession, Per Barrel, Opec, Western Europe, Saudi Arabia, Subprime Mortgage, Kuwait, Oecd, Uae, Business News

Oil prices caused the last recession, and oil prices will cause the next one as well. In fact, this time around, oil prices are rising much earlier.

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Hogwash, Mr. President

Robert Scheer | Posted 05.25.2011

Read More: Robert Scheer, Geithner, State of the Union, Obama, William Daley, Subprime Mortgage, Citigroup, Sotu, State of the Union 2011, Sotu 2011, Politics News

Ours is a union divided between those who agree with Obama that "the worst of the recession is over" and the far larger number in deep pain that this president is bent on ignoring.

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My Talk With Michael Hudson, Part 2

Michael W. Hudson | Posted 05.25.2011

Read More: Financial Fraud, Mortgages, Subprime Crisis, First Alliance Mortgage, Predatory Lending, Center for Public Integrity, Lehman Brothers, Subprime Mortgage Crisis, Business News, Financial Crisis, Federal Reserve, Mistaken Identity, Michael Hudson, Subprime, Subprime Mortgage, Business News

The Reagan years inundated American homeowners with advertising campaigns encouraging them to borrow against their homes to take dream vacations. This was the first time, in history, when people imagined the way to get rich was to run in to debt.

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No More Deceit -- Strictly Regulate Wall Street

Leo W. Gerard | Posted 05.25.2011

Read More: Citigroup, Richard S. Juld Jr., President Obama, Washington Mutual, Financial Reform, Hedge Fund, Barack Obama, Katrina Vanden Heuvel, Financial Regulation, Goldman Sachs, Bank of America, Ezra Klein, Robert Khuzami, Morgan Stanley, John Paulson, Wall Street, Lehman Brothers, Sen. Mitch McConnell, Sen. Chris Dodd, Securities and Exchange Commission, Bank Bailout, Subprime Mortgage, Glass-Steagall, Repo 105, Too Big to Fail, Jpmorgan, Senate Minority Leader, Wa-Mu, Business News

If McConnell-style deceit about the financial reform bill continues in the Senate, serious regulatory reform won't happen. Half measures won't work. Only robust financial reform will end Wall Street's freedom to deceive.

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Franchise Player

Yvette Kantrow | Posted 05.25.2011

Read More: Andrew Ross Sorkin, Felix Rohatyn, Nik Deogun, Dennis Berman, Subprime Mortgage, Jeffrey McCracken, Steve Lipin, M&A, Media News

As Rupert Murdoch transforms the WSJ from a business must-have into a general interest read, will the paper continue its thorough coverage of mergers and acquisitions news?

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Money, Sex and Hot (Broke) Messes

Don McNay | Posted 05.25.2011

Read More: Debt, Atlanta, Financial Planner, Car Payment, Personal Finance Columnist, Sex in the City, Addictions, Bailouts, Nancy Trejos, What to Do When You Win the Lottery, Hot (Broke) Messes, Financial Counselor, Washington Post, Lottery Winners, McNay Settlement Group, Melissa Etheridge, Personal Trainer, Larry Burkett, Ky, Joe Nocera, Credit Card Debt, Sarah Jessica Parker, Clu, Christian Financial Planning, Dave Ramsey, Louisville, Younger Women, Million Dollar Round Table, Son of a Son of a Gambler, Banks, Credit Card, Money Magazine, Columbia, New Sex, Testify, Washington, Main Street, donmcnay.com, Upside Down Mortgage, Carrie Bradshaw, Cincinnati, Boyfriend, American College, Richmond, Personal Finance, Lexington, Structured Settlement, Msfs, Chfc, Kentucky, Queens, Don McNay, www.mcnay.com, Student Loans, Dr. Mary Gresham, Living Together, Alan Abelson, Wall Street, Vanderbilt University, Sex, Suzi Orman, Georgetown University, New York Times, Eastern Kentucky University, Rice and Beans, Cssc, Subprime Mortgage, Business News

People looking to solve financial problems are also looking for empathy. Instead, the message they often receive from books about money is "I'm OK and you're an idiot."

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Weekly Audit: Wall Street Goes to the Movies

The Media Consortium | Posted 05.25.2011

Read More: Tarp, Democracy Now!, Movie Derivatives, Jobs Crisis, Long Term Unemployment, Derivatives, Cds, Wall Street Crisis, Swaps, Jobs, Credit Default Swaps, The Nation, Unemployment Rate, Recession, Alternet, Aig, Unemployment, Nick Baumann, Mother Jones, Charter Schools, Consumer Financial Protection Agency, Great Recession, Juan Gonzales, Bank Bailout, In These Times, John Nichols, Wall Street Bailout, Wall Street, Subprime Mortgage, David Moberg, Economy, Politics News

by Zach Carter, Media Consortium blogger Last week, the U.S. Senate rejected a plan that would have broken up the nation's six largest banks firms in...

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The Secrets To Goldman Sachs' Success: Contrary Bets, Predatory Lending, Government Connections, Offshore Tax Havens

McClatchy | Greg Gordon | Posted 05.25.2011

Read More: Foreclosures, Paulson, Regulation, Recession, Obama, Reform, Lloyd Blankfein, Mortgage Related Swaps, Mortgages, Goldman Sachs, Aig, Mississippi, Bailout, Predatory Lending, Securities Act of 1933, Blankfein, Hank Paulson, Foreclosure, Housing Crisis, Goldman Sachs Mortgage, Real Estate, Wall Street, Tax Havens, Housing Market, Blue Chips, Calpers, Derivatives, Moody's, Offshore, Tim Geithner, High Yield Bonds, Hedges, Barack Obama, Nyse, Cayman Islands, Banks, Sec, Subprime Mortgage, Economy, Business News

WASHINGTON -- In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but n...

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Bank's Failure Shows Lapses By Regulators

Huffington Post Investigative Fund | Keith Epstein | Posted 05.25.2011

Read More: Ocala National Bank, Fdic, Huffpost Investigative Fund, Financial Reform, Regulation, Mortgage Crisis, Huffington Post Investigative Fund, Predatory Lending, Financial Crisis, Ocala National, Housing Crisis, Florida, Development, Subprime Mortgage, Wall Street, Business News

Even by the distorted standards of the national housing bubble, north central Florida was a hot market. Between 2004 and 2006 new houses and property ...

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Reverse Mortgages Are "Subprime Revisited," Says Consumer Law Group

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: National Consumer Law Center, Subprime Mortgage Market, Mortgages, Reverse Mortgages Elderly, Reverse Mortgages, Subprime Mortgage, Video, Business News

Many of the now-discredited practices that enabled the subprime mortgage market to boom and then bust have reappeared in the reverse mortgage business...

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FDIC Fire Sale! 11 Homes For Under $10,000 (PHOTOS)

Huffington Post | Carlos Cagin | Posted 05.25.2011

Read More: Fdic, Slidehuge, Homes, Slidepoll, Cheapest Homes, Real Estate, Housing Crisis, Cheap Homes, Failed Banks, Home Prices, Cleveland, Subprime Mortgage Crisis, Detroit, FDIC Real Estate Sales, Foreclosure, Michigan, Subprime Mortgage, Business News

Need a cheap home? Just call the FDIC. During the housing crisis, the Federal Deposit Insurance Company took over thousands of failed banks' soure...

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Realities of the Economic Crisis

Michael de Portu | Posted 05.25.2011

Read More: Credit Swaps, Derivative Guarantees, Sheldon Filger, Goldman Sachs, Economy, Enron, Nouriel Roubini, Financial Crisis, Fannie and Freddie, Bernie Madoff, Subprime Mortgage, Merill Lynch, Recession, Financial Fraud, Mortgage Crisis, Business News

Financial fraud typically takes a long time to detect and yet, paradoxically, the tell-tale signs are (almost) always in plain sight.

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Predatory Lending Gets a Boost from the NYT

Tram Nguyen | Posted 05.25.2011

Read More: Financial Crisis, Payday Lending, Economy, Nix Check Cashing, Nix/Kinecta, New York Times, Payday Loans, Kinecta Federal Credit Union, New York Times Profile, Subprime Mortgage, Business News

After the Pentagon documented the adverse impact of predatory lending on military personnel, Congress prohibited payday lenders from making loans to active duty service members.

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Tales of the Subprime: Troubled Asset on a Bender

Karen Dalton-Beninato | Posted 05.25.2011

Read More: John Mccain Debate, Sarah Palin Debate, Subprime Mortgage Crisis, George Bush Speech, Troubled Asset, George Bush, Chicago Mayor Richard Daley, John McCain, John McCain Wall Street Crisis, John McCain David Letterman, Sarah Palin, Subprime Morgage Crisis, Subprime Mortgage, Chicago News

"Can I see some ID?" "Don't have any," said the faded manila folder listing toward a bottle of Jack Daniels. "Proof of income?" the bartender asked ...

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She's Clueless, He's Worse

Robert Scheer | Posted 05.25.2011

Read More: Freddie Mac, Robert Scheer, Economy, Sarah Palin, Pornography of Power, Obama, Subprime Mortgage, John McCain, Fannie Mae, President, Ponzi Scheme, Politics News

Ignorance is bliss, which perhaps explains Gov. Sarah Palin being so confidently wrong about the root cause of the federalization of most of the nation's mortgage market. But what is McCain's excuse?

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