Credit Crisis

The Auction Room Action

Charlotte Appleyard | Posted 03.09.2009 | Business


Charlotte Appleyard

There has been a lot of discussion about what will happen to art prices.Theories abound that contemporary galleries will return to their "old masters" rather than nurturing younger talent.

Open Letter to My Mortgage Companies

Francine Hardaway | Posted 03.09.2009 | Business


Francine Hardaway

No, I don't want to move in with my daughters. I want to ask you to re-finance my mortgage at the current value of my house at a 4.2% rate, like everyone in Congress is suggesting.

Put the Bankers Back to Work

E. Glen Weyl | Posted 03.08.2009 | Business


E. Glen Weyl

The Fed and Congress may be good at managing monetary policy and passing laws, but they are not loan officers nor bond investors.

Change FICO Credit Scoring to Stimulate Economy and Address Housing and Banking Crisis

Ronald B. Robinson | Posted 03.25.2009 | Business


Ronald B. Robinson

Republicans are proposing a 4% home mortgage Ponzi scheme that's the modern day version of "40 acres and a mule." It's every bit the false promise that dashed the hopes of ex-slaves after the Civil War.

Citibank Will Boost Lending By $36.5 Billion

AP | MADLEN READ | Posted 03.25.2009 | Business


NEW YORK — Citigroup, under pressure to increase its lending, says it will spend $36.5 billion to issue mortgages, make credit card loans and bu...

"Too Big To Fail": A Bailout Hoax

Ismael Hossein-zadeh | Posted 03.05.2009 | Politics


Ismael Hossein-zadeh

If "illiquidity is the core economic problem," as policy makers argue, why is then the government's injection of enormous amounts of liquidity failing to unfreeze the credit market?

Live from Davos - Fareed Zakaria's Snappy Zinger

Jack Hidary | Posted 03.03.2009 | World


Jack Hidary

The last plenary session at the WEF last night featured Fareed Zakaria asking a zinger of a question to a panel of the heads of state of the UK, South Korea, South Africa and Mexico.

Limbaugh Needs a Lesson in Reality

Mike Papantonio | Posted 03.01.2009 | Media


Mike Papantonio

If Limbaugh could step out of his 25,000 square foot home and see the pain of parents telling their children that they just lost their home, maybe then he would want Obama to succeed.

We Need a Rehab Program for Spenders

Don McNay | Posted 02.24.2009 | Business


Don McNay

The nation's economic system has also gotten addicted to shopping.To turn the economy around, Americans need to find a spender's version of rehab.

Manufacturing a Dream and a Recovery

Scott Paul | Posted 02.22.2009 | Politics


Scott Paul

If the destruction of capitalism and the arc of history were responsible for American manufacturing's steep decline, there would be a legitimate debate about whether it's worth saving.

Businesses Big And Small Choosing Liquidation Over Restructuring

Washington Post | Annys Shin | Posted 02.18.2009 | Business


With the economy in the tank, companies are doing all they can to stay afloat. For many, though, even the most desperate measures have not been enough...

How To Profit From The Credit Crunch: Wall Street Journal

Wall Street Journal | MARK GONGLOFF | Posted 02.18.2009 | Business


Investors shell-shocked by two nasty bear markets in stocks in less than a decade are starting to look elsewhere for good returns. In the wake of the ...

Bailout A Windfall To Bankers Reluctant To Loan

New York Times | MIKE MCINTIRE | Posted 02.17.2009 | Business


At the Palm Beach Ritz-Carlton last November, John C. Hope III, the chairman of Whitney National Bank in New Orleans, stood before a ballroom full of ...

Citigroup And The Credit Card

Christopher Brauchli | Posted 02.15.2009 | Business


Christopher Brauchli

As credit card holders who carry unpaid balances know, most credit card companies reserve the right to raise interest rates at most any time for most any reason.

SEC Rules Don't Go Far Enough

Neil Baron | Posted 02.13.2009 | Business


Neil Baron

Credit ratings have an extraordinarily broad effect on our financial system -- witness their role in the subprime crisis.

Will the Rising Personal Savings Rate Boom the US Recovery?

Penny Herscher | Posted 02.13.2009 | Business


Penny Herscher

Our debt culture has come home to roost now, but contrary to the obvious, starting to save now could be the wrong thing for the country.

The Post Crazy Economy

Don McNay | Posted 02.09.2009 | Business


Don McNay

To some, the crisis was caused by consumers. It's as if they are unhappy that we're getting our act together. It's similar to a dope dealer getting angry when a customer goes into rehab.

How Globalization Set the Stage for the 2008 Economic Collapse

Robert Creamer | Posted 02.09.2009 | Politics


Robert Creamer

A good case can be made that the massive globalization of labor and financial markets, coupled with "free markets uber alles" policies, formed a toxic mixture that made the collapse inevitable. Here's why.

Obama-Nomics Coming

Diane Francis | Posted 02.06.2009 | Business


Diane Francis

Obama-nomics won't merely be the New Deal Part Two. It will have to be executed along with policies hammered out in partnership with the best minds and most enlightened leaders in the world.

Treasury Invests $15 Billion More In Banks

CNN | David Goldman | Posted 02.05.2009 | Business


The Treasury Department said Monday it had invested $15 billion in another seven banks, including two companies that recently completed large takeover...

Bush/Cheney: Dinosaurs of the Old Economy

Michelle Kraus | Posted 02.02.2009 | Politics


Michelle Kraus

The legacy of Bush and Cheney are inextricably tied to the survival of the old fossil fuel economy. Their assignment was clear: defend and protect at ...

Credit Is Key To Stopping Financial Crisis In 2009

New York Times | ERIC DASH and VIKAS BAJAJ | Posted 01.31.2009 | Business


The financial crisis began in the credit markets, and eventually it will end there. But as the financial industry rounds out one of the most wrenching...

We Weren't Punked -- There is a Severe Financial Crisis

Hale "Bonddad" Stewart | Posted 01.20.2009 | Business


Hale

To argue there was no credit crisis -- to say we were "punked by Wall Street" -- flies in the face of every available fact on the crisis.

Happy Holidays Hollywood!

Ariston Anderson | Posted 01.19.2009 | Entertainment


Ariston Anderson

Just how much is the credit crunch going to affect Hollywood? Film elite like Sir Ben Kingsley, Penelope Cruz, Gus Van Sant, Dennis Hopper, Darren Aronofsky and others weigh in.

Where Caveat Emptor Still Stalks the Land

Charles H. Green | Posted 01.18.2009 | Business


Charles H. Green

I've met all too many people educated in our "best" schools who have come to believe that selling toxic waste to customers is a legitimate part of a noble, even moral, endeavor called capitalism.