Exposing the Myth of Irrational Exuberance
Irrational exuberance? We think not. Market participants responding rationally to a range of short term economic incentives are the root causes of the crisis.
Irrational exuberance? We think not. Market participants responding rationally to a range of short term economic incentives are the root causes of the crisis.
Michael Intriligator, Jud Ireland, and Kyle Martin | Posted 10.23.2009 | Business
As we see it, it is now time to adopt the GMAP initiative and other bottom-up economic solutions to address the recession so that we may avoid a Japanese-style "lost Decade."
washingtonpost.com | Posted 09.25.2009 | Business
Researchers at the University of Pennsylvania School of Medicine questioned 250 homeowners going through foreclosure in Philadelphia and found that 47...
nytimes.com | JACK HEALY | Posted 09.18.2009 | Business
Hard times are causing more homeowners to fall behind on their property taxes. But in thousands of cases, they are not responsible to their local gove...
Jerry Chautin | Posted 09.11.2009 | Business
At what point does heavy-handed government cross the line? Should homeowners suffer the consequences of their imprudent decisions to buy houses they could not afford?
AP | ALAN ZIBEL and TAMMY WEBBER | Posted 08.16.2009 | Business
WASHINGTON — Relentlessly rising unemployment is triggering more home foreclosures, threatening the Obama administration's efforts to end the ho...
The Huffingtonpost | Matthew Palevsky | Posted 08.06.2009 | Business
Despite efforts by the Obama Administration to stave off foreclosures by providing incentives for banks to modify mortgages for distressed homeowners,...
wsj.com | STAN LIEBOWITZ | Posted 08.03.2009 | Business
What is really behind the mushrooming rate of mortgage foreclosures since 2007? The evidence from a huge national database containing millions of indi...
Huffington Post | Posted 07.19.2009 | Eyes & Ears
Dispatches from the Displaced is a HuffPost Eyes&Ears series on the real-life effects of the housing crisis. We're collecting stories from HuffPost re...
Bertha Lewis | Posted 07.13.2009 | Politics
With millions more foreclosures staring us in the face, we have to act now to create sensible local solutions that will improve our communities, safeguard families, stabilize tax bases, and revive the economy.
The Atlantic | James Warren | Posted 07.05.2009 | Chicago
Amid the more academic debate over President Obama's Supreme Court nomination, there's a melancholy reality check, and street-level window onto harsh ...
Esther J. Cepeda | Posted 07.02.2009 | Chicago
This is what foreclosure feels like from the outside. All of a sudden, trusted neighbors whose children I was watching grow up are gone and all that's left is a littered, empty home.
Kathleen Wells, J.D. | Posted 06.18.2009 | Politics
He inherited a horrible situation with this economic crisis, but he has not flinched. And his confidence inspires us and helps to generate confidence because we see him carrying on.
Harry Moroz | Posted 06.01.2009 | Business
The Senate had an opportunity to address the foreclosure crisis yesterday by adopting the Helping Families Save Their Homes in Bankruptcy Amendment. They balked.
Ben Hecht | Posted 05.15.2009 | Business
It is difficult to find a silver lining in the sub-prime crisis. However, this crisis has also reminded me of the sometimes hidden power of the American spirit.
Jerry Waxman | Posted 05.15.2009 | Politics
In 2001, Lieutenant Corriveau's office handled less than 1,000 eviction orders, by 2008 that number had increased to 10,243.
AP | DON BABWIN | Posted 05.02.2009 | Chicago
NILES, Ill. — On a quiet street lined with neat homes and trim lawns, squad cars pull up to a suburban Chicago house where the owners have falle...
AP | ALAN ZIBEL | Posted 04.12.2009 | Business
WASHINGTON — Despite halts on new foreclosures by several major lenders, the number of households threatened with losing their homes rose 30 per...
Medill Reports | Malia Spencer | Posted 04.06.2009 | Chicago
From her Bronzeville branch office on South King Drive, Michelle Collins strives to solve the community's foreclosure problem one loan at a time. Col...
Dawn Teo | Posted 04.04.2009 | Business
PHOENIX--As reported by a local ABC affiliate earlier today, an embittered homeowner shot himself in the head Tuesday on the outskirts of town as SWAT...
Jane Hamsher | Posted 04.02.2009 | Politics
How can Tauscher claim that there's anything "moderate" about working on behalf of the bankers who created this crisis?
HuffingtonPost.com | Ryan Grim | Posted 03.29.2009 | Politics
A chief judge for the ninth circuit in Orange County, Florida -- an epicenter of the foreclosure crisis -- ruled Wednesday that mortgage providers mus...
Sen. Robert Menendez | Posted 03.28.2009 | Business
The bottom line is that, more than ever, we cannot allow credit card companies to continue fleecing consumers, or making them feel like it's all one big guessing game.
Gabriel Beltrone & Matthew Palevsky | Posted 03.27.2009 | Politics
This piece on the foreclosure crisis was produced as part of HuffPost's citizen journalism initiative. Reporting by Lauren Cannon, Leia Ford, Richard ...
Posted 03.26.2009 | Politics
This story was reported and written by Leia Ford. She is one of the HuffPost citizen journalists helping cover the on the ground effects of the forecl...
Roberto G. Quercia | Posted 11.08.2009 | Business