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Bad Loans

Dubai Completes 110 Story Middle Finger!

Tom Gregory | Posted 11.29.2009 | Comedy

Read More: Dubai, Bad Loans, Banks, Madoff, Default, Economy, Banking, Banking Crisis, Stock Market, Ben Bernanke, Burg Dubai, Comedy News
Tom Gregory

Visible from space, Dubai has completed construction of the World's largest structure, the 110 story "Burj Dubai Middle Finger Tower."

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Shahien Nasiripour

How Securitization Encouraged Bad Loans

HuffingtonPost.com | Shahien Nasiripour | Posted 11.29.2009 | Business

Read More: Underwriting Standards, Securitization, Joint Forum, Bad Loans, Business News

Knowing that the loans they made were about to be bundled, sliced up, and sold off made lenders more likely to relax their underwriting standards, acc...

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Banks Don't Differentiate Between Successful Business and Suffering Industries

Grant Cardone | Posted 10.17.2009 | Business

Read More: Sell to Survive, Sba, Banks, Banks Stockpile, Bad Loans, Mortgage Defaults, Banks and Lending, Grant Cardone, Small Business Administration, Government and Banks, Business News
Grant Cardone

Small businesses that depend on borrowed money to grow are unable access credit because banks are unable to see the difference between profitable companies and damaged industries.

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Most Failing Banks Are Doing It The Old-School Way

nytimes.com | FLOYD NORRIS | Posted 09.21.2009 | Business

Read More: Banks, Bad Loans, Loans Not Repaid, Fdic, Bank Bailout, Banks Closing, Loans, Business News

As the number of banks closed by the Federal Deposit Insurance Corporation has grown rapidly this year, it has become clear that most of them had noth...

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Mortgage Crisis: 12% Are Late, Foreclosed

AP | J.W. ELPHINSTONE | Posted 06.28.2009 | Business

Read More: Subprime Mortgages, Bad Loans, Bad Mortagages, Mortagage Crisis, Foreclosure, Mortagage-Industry, Housing Crisis, Home Foreclosures, Business News

NEW YORK — The mortgage crisis is spreading and hitting new heights: Borrowers with good credit now make up the largest share of foreclosures as...

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Plan To Rid Banks Of Bad Loans Breaks Down

Wall Street Journal | Posted 06.27.2009 | Business

Read More: Fdic, Bad Loans, Bank Loans, Business News

A government program designed to rid banks of bad loans, part of a broader effort once viewed as central to tackling the financial crisis, is stalling...

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Dems Should Demand Bailout Includes Criminal Accountability For Those Responsible

Denis Campbell | Posted 10.23.2008 | Home

Read More: Congress, Bad Loans, Lehman Brothers, Corporate Greed, Bid Laden, Economic Crisis, Economy; Wall Street; Deregulation; Democrats, Election 2008, Fiscal Responsibility, Republicans, Ponzi Scheme, Home News
Denis Campbell

We're in this economic crisis because banks and investment houses cynically bet the economy would not cycle or fluctuate and ran the debt up to a number so big it could not fail. Now they must pay.

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"Liar Loans" Threaten To Prolong Mortgage Crisis

AP | ALAN ZIBEL | Posted 09.18.2008 | Business

Read More: Liar Loans, Ninja Loans, Mortgage Crisis, Housing Crisis, Bad Loans, Home Loans, Bad Home Loans, Housing Market, Business News

In the mortgage industry, they are called "liar loans" _ mortgages approved without requiring proof of the borrower's income or assets. The worst of t...

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