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Subprime Mortgage

William Alden

Wall Street Banks Sued For Massive Fraud In Subprime Deals | William Alden | Posted 11.02.2011 | Business

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

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 | Business

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

How Do Oil Shocks Cause Recessions?

Jeffrey Rubin | Posted 05.25.2011 | Business
Jeffrey Rubin

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.

Hogwash, Mr. President

Robert Scheer | Posted 05.25.2011 | Politics
Robert Scheer

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.

My Talk With Michael Hudson, Part 2

Michael W. Hudson | Posted 05.25.2011 | Business
Michael W. Hudson

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.

No More Deceit -- Strictly Regulate Wall Street

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

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.

Franchise Player

Yvette Kantrow | Posted 05.25.2011 | Media
Yvette Kantrow

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?

Money, Sex and Hot (Broke) Messes

Don McNay | Posted 05.25.2011 | Business
Don McNay

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."

Weekly Audit: Wall Street Goes to the Movies

The Media Consortium | Posted 05.25.2011 | Politics
The Media Consortium

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...

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

McClatchy | Greg Gordon | Posted 05.25.2011 | Business

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...

Bank's Failure Shows Lapses By Regulators

Huffington Post Investigative Fund | Keith Epstein | Posted 05.25.2011 | Business

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 ...

Shahien Nasiripour

Reverse Mortgages Are "Subprime Revisited," Says Consumer Law Group | Shahien Nasiripour | Posted 05.25.2011 | Business

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

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

Huffington Post | Carlos Cagin | Posted 05.25.2011 | Business

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

Realities of the Economic Crisis

Michael de Portu | Posted 05.25.2011 | Business
Michael de Portu

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

Predatory Lending Gets a Boost from the NYT

Tram Nguyen | Posted 05.25.2011 | Business
Tram Nguyen

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.

Tales of the Subprime: Troubled Asset on a Bender

Karen Dalton-Beninato | Posted 05.25.2011 | Chicago
Karen Dalton-Beninato

"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 ...

She's Clueless, He's Worse

Robert Scheer | Posted 05.25.2011 | Politics
Robert Scheer

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?