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Subprime Crisis

The Big Dollar Bustout ... Is Too Big To Fail Still an Option?

Eric Ehrmann | Posted 10.19.2009 | Business

Read More: Subprime Crisis, Pentagon, Henry Kissinger, Somerset Maugham, Ronald Reagan, Bric, The Lost Generation, Federal Reserve, Twitter, Hitler, China, Reserve Currency, Woodrow Wilson, Slow Movement, Barack Obama, Thomas Mann, Gabriel Garcia Marquez, Nobel Prize, Sidwell Friends, Austrian Economics, Foreclosures, Russia, Rupert Murdoch, League of Nations, Timothy Geithner, Paul Krugman, Death in Venice, Jfk, Great Depression, F. Scott Fitzgerald, Stalin, Business News
Eric Ehrmann

With efforts to rebrand America's national identity in the electronic media falling flat like a bad online date, taking away the dollar's too big to fail status might be the better wake up call.

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ReThink Review: American Casino -- Gambling on Timebomb Loans

Jonathan Kim | Posted 09.21.2009 | Entertainment

Read More: Subprime Crisis, Wells Fargo, Cenk Uygur, Rethink Reviews, American Casino, Credit Default Swaps, Jonathan Kim, Housing Crisis, Movie Reviews, Jonathan Kim Movie Reviews, Subprime Mortgages, Subprime Mortgage Crisis, Reverse Redlining, The Young Turks, Alan Greenspan, Subprime Loans, Entertainment News
Jonathan Kim

When you hear terms that sound very technical like "credit default swap" and "reverse redlining", it's easy for part of your brain to shut off. I was guilty of this myself.

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10 Myths About The Subprime Crisis: Cleveland Fed

clevelandfed.org | Yuliya Demyanyk | Posted 08.23.2009 | Business

Read More: Yulikya Demyank, Subprime Crisis, 10 Myths About Subprime Morgtgages, Cleveland Fed, Real Estate Ciris, Housing Crisis, Business News

On close inspection many of the most popular explanations for the subprime crisis turn out to be myths. Empirical research shows that the causes of th...

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Foreclosure Crisis Caused By Zero Money Down, Not Subprime Loans: Study

wsj.com | STAN LIEBOWITZ | Posted 08.03.2009 | Business

Read More: Real Estate Crisis, Subprime Crisis, Subprime Loans, Stan Liebowitz, Housing Crisis, Foreclosure Crisis, Zero Money Down, Business News

What is really behind the mushrooming rate of mortgage foreclosures since 2007? The evidence from a huge national database containing millions of indi...

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Who Can we Bank on as Crisis Gets Worse?

Danny Schechter | Posted 07.13.2009 | Business

Read More: Federal Reserve Bank, Rico, Obama, Finance, Financial Regulation, Goldman Sachs, Subprime Crisis, Hank Paulson, Bear Stearns, Citigroup, Foreclosure News, Business News
Danny Schechter

Washington seems tethered at the hip to Wall Street and continues to do its bidding. Obama wants to give us confidence, but the most trenchant critics believe a total collapse is in the offing.

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NY Times Writer and His Mortgage Woes

Yvette Kantrow | Posted 07.02.2009 | Media

Read More: Subprime Crisis, Mortgage, Subprime Mortgages, Megan McArdle, The Atlantic, The New York Times, Oprah, Financial Crisis, Financial Journalism, Edmund Andrews, Media, Foreclosure, Foreclosure News, Media News
Yvette Kantrow

It does make you wonder: What would this story read like if his wife wrote it? And I'm not convinced that Andrews' airing of his dirty laundry is such an act of bravery.

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Last Call for Mortgage Reform

Harry Moroz | Posted 06.12.2009 | Business

Read More: Loans, Abusive Lending, Subprime Crisis, Mortgage Reform and Anti-Predatory Lending Act, House, Housing Crisis, Mortgages, Business News
Harry Moroz

Lenders often used mortgage refinancing to strip middle-class homeowners of the equity they relied on to obtain loans to help make ends meet.

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The Subprime 25: The Top 25 Lenders Responsible For Almost $1 Trillion Of Subprime Loans

Center for Public Integrity | Posted 06.05.2009 | Business

Read More: Subprime Lending Bailout, Subprime Crisis, Subprime Mortgages, Bailout, Subprime Mortgage Crisis, Subprime Loan Crisis, Subprime Loans, Subprime 25, Business News

Today, the Center for Public Integrity releases the results of its investigation into the housing crisis, which showed that investment banks, some of ...

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Subprime Swindlers Work A New Angle: Rescue Scams

Bloomberg News | Posted 04.28.2009 | Business

Read More: Rescue Scams, Subprime Crisis, Subprime Mortgages, Subprime Lending, Subprime Mortgage Crisis, Subprime Loan Crisis, Subprime Loans, Subprime Swindlers, Business News

In early 2008, Cheryl Ann Montero, a California mortgage broker, held a series of free seminars in the clubhouse of the Lone Tree Golf Course in Contr...

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The (Great) Name Game: What to Call the Current Financial Crisis?

Brad Listi | Posted 02.09.2009 | Business

Read More: Subprime Crisis, Brad Listi, American History, Economy, Financial Crisis, Nicknames, The Great Depression, Business News
Brad Listi

We are now many months into a deep and ugly recession of genuine historical importance, and to the best of my knowledge, no official moniker has yet emerged. Let's choose one.

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Financial Crisis Halts Central Asia's Economic Boom

GlobalPost.com | David L. Stern | Posted 01.17.2009 | World

Read More: Subprime Crisis, Kyrgyzstan Migrants Russia, Central Asia Migrant Workers, Economic Crisis, Economy, Tajikistan, Migrant Workers, Central Asia, Kyrgyzstan Remittances, Kyrgyzstan, World News

BISHKEK, Kyrgyzstan -- Maksat Bolotbekov crouched down, rubbed his blackened hands and caught the last waves of warmth from the fire's grey ashes. A...

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FHA-Backed Loans: The New Subprime

BusinessWeek | Chad Terhune and Robert Berner | Posted 12.22.2008 | Business

Read More: Subprime Crisis, Subprime Mortgages, FHA Loans, Fha, Wall Street Crisis, Business News

As if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers--many of them the very sorts of firms that helped create the...

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TAX CUTS: THEOLOGY, FACTS & TOTALLY F**KED

Larry Beinhart | Posted 12.18.2008 | Politics

Read More: Subprime Crisis, Taxes, Depression, Tax Cuts, Bubble, Recession, Economy, Crash, Housing Bubble, Politics News
Larry Beinhart

TAX CUTS: THEOLOGY, FACTS & TOTALLY F**KED THE MYTH ...

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New President, New CRA

Mark Winston Griffith | Posted 11.30.2008 | Business

Read More: Economy, Community Reinvestment, Community Reinvestment Act, Subprime Crisis, Phil Gramm, Wall Street Crash, Fdic, Bank Reform, Acorn, Obama Administration, Credit Crisis, Bank Loans, Barack Obama, Cra Reform, Cra, Subprime Mortgages, McCain Campaign, Financial Crisis, Business News
Mark Winston Griffith

This nation doesn't need a weaker CRA, but a re-conceived and far stronger tool in the effort to ensure ready access to quality, non-discriminatory, financial services in all communities.

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Paper: Private Sector Loans Triggered Financial Crisis, Not Fannie Or Freddie

McClatchy | David Goldstein and Kevin G. Hall | Posted 11.11.2008 | Business

Read More: Subprime Crisis, Private Sector Loans Subprime Crisis, Wall Street, Wall St Crisis, Fannie and Freddie Crisis, Business News

As the economy worsens and Election Day approaches, a conservative campaign that blames the global financial crisis on a government push to make housi...

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The Next New Deal

Agit-Pop | Posted 11.01.2008 | Media

Read More: George Bush, $700 Billion Bailout, Subprime Crisis, Bailout Bill, Bailout, New Deal, Media News
Agit-Pop

2008-10-01-agitpop.jpgInstead of the handing those who created the Sub Prime Pyramid Scheme a TRILLION of our dollars, we demand a NEW New Deal that invests in the country that our children will inherit.

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Mortgage Woes? Blame it on Hispanic Immigrants

David M. Abromowitz | Posted 10.27.2008 | Business

Read More: Financial Crisis, Subprime Crisis, Subprime Mortgages, Michelle Malkin, Housing Crisis, Business News
David M. Abromowitz

Michele Malkin has stepped forward to set the record straight: "illegal immigration, crime-enabling banks, and open-borders Bush policies fueled the mortgage crisis."

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Robin Hood Bush?

Martin Varsavsky | Posted 10.20.2008 | Business

Read More: Federal Reserve, Subprime Crisis, Paulson, Bush, Business News
Martin Varsavsky

Yes, we all know that this is the administration that robbed from the poor and gave to the rich and there are countless examples of that. The most ob...

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In a Gloomy Economy, Signs of Light

Robert Reed | Posted 10.16.2008 | Business

Read More: Merrill Lynch, Lehman Bankruptcy, Economy, Bank of America, Economic Troubles, Lehman Brothers Bankruptcy, Fannie Mae Freddie Mac Bailout, CVS Pharmacies, Longs Drug Stores, Bank of America Merrill Lynch Buyout, Walgreens, Subprime Crisis, Bofa, Business News
Robert Reed

At a time when the stock market is plunging and a once-venerable Wall Street investment house is going bankrupt, it may seem like all is lost. Not true. In fact, amid the carnage, some examples have emerged that stir --shall we say--a cautious optimism about getting free of this mess.

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Housing Lenders Worry Of An Even Bigger Second Wave Of Loan Defaults

New York Times | Vikas Bajaj | Posted 08.11.2008 | Business

Read More: Subprime Crisis, Second Wave of Loan Defaults, Subprime Mortgage Crisis, Mortgage Crisis, Second Wave of Defaults, Housing Crisis, Housing Woes, Alt-A, Alt-a Loans, Prime Mortgages, Lending Crisis, Business News

The first wave of Americans to default on their home mortgages appears to be cresting, but a second, far larger one is quickly building. Homeowners w...

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Mortgage Scandal: Dodd Denies Wrongdoing Again

AP | Posted 07.01.2008 | Politics

Read More: Subprime Crisis, Subprime Mortgage Meltdown, Dodd Mortgage, Countrywide, Subprime Meltdown, Dodd Countrywide, Dodd, Chris Dodd, Dodd Mortage, Mortgage Crisis, Christopher Dodd, Politics News

DANBURY, Conn. — Sen. Christopher Dodd said Monday that the controversy over two loans he received will not compromise his ability to lead Congr...

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Late Loan Payments Causing New Bank Crisis

Washington Post | David Cho | Posted 06.30.2008 | Business

Read More: Subprime Crisis, Home Loan Payments, Banks, Late Home Loan Payments, Credit Crunch, New Bank Crisis, Business News

Increasing struggles by consumers and businesses to make payments on a variety of loans, not just mortgages, are setting off a new wave of trouble in ...

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FBI Increases What Already Is the Highest Incarceration Rate in the World

Martin Varsavsky | Posted 06.28.2008 | Business

Read More: Subprime Crisis, FBI Director Robert Mueller, Subprime Arrests, Subprime Mortgages, Subprime Lending, Business News
Martin Varsavsky

If people are going to jail for the subprime scandal, how about starting with the people at the Federal Reserve who were asleep at the wheel while the overlending took place?

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Most say US on wrong track: AP-Ipsos poll

AP | TOM RAUM | Posted 06.27.2008 | Politics

Read More: AP Poll, US Dissatisfaction, AP Polling, Subprime Crisis, Housing Crisis, Iraq War, Fuel Crisis, Gas Prices, Politics News

WASHINGTON — Wherever the nation should be headed, this isn't it. The number of Americans who believe the country is moving in the wrong direct...

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Bernanke urges more action to stem home foreclosure crisis

AP | JEANNINE AVERSA | Posted 05.13.2008 | Business

Read More: Ben Bernanke, Federal Reserve, Congress, Subprime Crisis, Congress Subprime Crisis Action, Business News

WASHINGTON — A rising tide of late mortgage payments and home foreclosures poses considerable dangers to the national economy, Federal Reserve C...

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