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The Big Short - a chronicle of infectious shortsightedness; epidemic blindness, delusion, and deceit.

Joseph Cooper | Posted 01.06.2017 | Entertainment
Joseph Cooper

"Crap." That word is used quite often by the handful (one handful) of analysts and traders who "shorted" (bet against) the trillion-dollar mortgage-b...

Adjustable Rate Mortgages Are Making A Slow Comeback

CNN Money | Les Christie, Staff Writer | Posted 05.25.2011 | Business

Adjustable rate mortgages are back! After accounting for nearly 70% of all mortgages issued during the boom, ARMs vanished during the bust, totalin...

Goldman Sachs in Troubled Waters

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

Wall Street has long forgotten how to spell "ethical" or "good," and replaced it with "compliant" and "legal." The time has come to explain to investment banks what their responsibility and accountability are.

Option ARM Mortgages "About To Explode"

Reuters | Lisa Lambert | Posted 05.25.2011 | Business

"Payment option ARMs are about to explode," Iowa Attorney General Tom Miller said after a Thursday meeting with members of President Barack Obama's ad...

Adjustable Rate Mortgages Could Dampen Economic Recovery | JOHN LELAND | Posted 05.25.2011 | Business

When Harvey Clavon took out an exotic mortgage to refinance his home in Santa Clarita, Calif., three years ago, he thought he knew what he was doing....

Adjust Rate Mortgage Impact Could Be Worse Than Subprime Crisis | Kevin G. Hall | Posted 05.25.2011 | Business

WASHINGTON -- Call it son of subprime. Experts warn that a new wave of mortgage foreclosures may be coming soon and could rival the default rates for ...