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Subprime Mortgage Meltdown

Iceland Is Melting!

Eric Lurio | Posted 05.25.2011 | Home
Eric Lurio

The two largest banks failed and trading of the six largest financial institutions was halted on the Reykjavik stock exchange. People have been bitching that McCain and Obama don't know what to do. But neither does anyone else.

Top Obama Fundraiser Helped Run Failed Subprime Lender

WSJ | Posted 05.25.2011 | Politics

For the Pritzker family of Chicago, the 2001 collapse of subprime-mortgage lender Superior Bank was an embarrassing failure in a corner of their giant...

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...