Mortgage Scandal: Dodd Denies Wrongdoing Again
DANBURY, Conn. — Sen. Christopher Dodd said Monday that the controversy over two loans he received will not compromise his ability to lead Congr...
DANBURY, Conn. — Sen. Christopher Dodd said Monday that the controversy over two loans he received will not compromise his ability to lead Congr...
Washington Post | David Cho | Posted 06.22.2008 | Business
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 ...
Martin Varsavsky | Posted 06.20.2008 | Business
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?
AP | TOM RAUM | Posted 06.19.2008 | Politics
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...
AP | JEANNINE AVERSA | Posted 05.05.2008 | Business
WASHINGTON — A rising tide of late mortgage payments and home foreclosures poses considerable dangers to the national economy, Federal Reserve C...
AP | TOM HAYS | Posted 05.05.2008 | Business
NEW YORK — Federal authorities, responding to the subprime-mortgage crisis, have formed a task force to determine if lenders or Wall Street firm...
London Times | Francis Elliott | Posted 04.20.2008 | Business
Alistair Darling is preparing to announce an unprecedented £50bn bailout of Britain's banking system in an effort to save the housing market from col...
Henry Blodget | Posted 04.15.2008 | Business
Unless forcefully shown the doors, CEOs seem to show no willingness to accept real responsibility when things go bad.
Boston Globe | Posted 04.13.2008 | Business
Credit Suisse could announce further writedowns of up to 5 billion Swiss francs ($4.99 billion) when it posts its first-quarter results later this mon...
Hale "Bonddad" Stewart | Posted 04.03.2008 | Business
Putting all of the factors together we get a very disturbing picture. The amount of short-term credit is decreasing and the cost of making these loans is increasing.
Sen. Robert Menendez | Posted 04.02.2008 | Politics
A full year into the subprime mortgage crisis, the administration has done nothing but hit the snooze button as 20,000 Americans watch their dreams of homeownership go up in smoke every week.
Rev. Peter Laarman | Posted 03.31.2008 | Politics
My skin started to quiver when our Treasury secretary, Mr. Henry "Hank" Paulson, late of Goldman Sachs, rolled out his financial markets reform package over this past weekend.
Ian Welsh | Posted 03.31.2008 | Business
Ultimately, Paulson's plan remains "shock therapy" -- wait for a shock, in this case the market collapse, then do what you wanted to do anyway, but couldn't get through in normal times.
Reuters | Jason Szep | Posted 03.31.2008 | Business
Shards of broken glass outside the basement window of 31 Vine Street hint at the destruction inside the three-story home. Thieves smashed the window ...
Politico | Posted 03.29.2008 | Politics
The general co-chairman of John McCain's presidential campaign, former Sen. Phil Gramm (R-Texas), led the charge in 1999 to repeal a Depression-era ba...
Politico | Posted 03.29.2008 | Politics
The general co-chairman of John McCain's presidential campaign, former Sen. Phil Gramm (R-Texas), led the charge in 1999 to repeal a Depression-era ba...
New York Times | VIKAS BAJAJ | Posted 03.27.2008 | Business
A sweeping five-month investigation into the collapse of one of the nation's largest subprime lenders points a finger at a possible new culprit in the...
Wall Street Journal | GREG IP, JAMES R. HAGERTY and JONATHAN KARP | Posted 03.19.2008 | Business
As the falling housing market shakes financial institutions and pummels Americans in an election year, the nation's economic woes have surged to the t...
AP | JEANNINE AVERSA | Posted 03.04.2008 | Business
WASHINGTON — Battling a dangerous wave of home foreclosures, Federal Reserve Chairman Ben Bernanke called Tuesday for additional relief and urge...
Times Online | Patrick Hosking | Posted 03.03.2008 | Business
HSBC has stepped up the rate at which it writes off loans to poor Americans to an unprecedented $51 million (£25.7 million) a day as the British bank...
Eben Esterhuizen | Posted 03.03.2008 | Business
Financial firms have so far announced losses totaling around $160 billion, and rhere is more bad news to come and central bankers know it.
AP | BETH FOUHY | Posted 02.18.2008 | Business
MILWAUKEE — Democrat Hillary Rodham Clinton's campaign released a 13-page blueprint for fixing the economy Monday, detailing the former first la...
CNN | Posted 02.04.2008 | Business
Moody's Investors Services said Monday it is considering changes in its rating system, including how it appraises mortgage-related securities, which ...
New York Times | Stephen J. Dubner | Posted 02.04.2008 | Business
The parties who are suffering from the subprime crisis are vast and varied, as well as in the newspapers every day. One reason the crisis has gotten s...
Financial Times | Jeremy Grant | Posted 02.03.2008 | Business
Only 11 days after the White House and House of Representatives agreed a $150bn (€100bn, £76bn) economic stimulus package for the US economy, a Sen...
As Barack Obama began his trip to the Middle East and Europe,...
An ABC-TV outlet in Houston, and now the Houston Chronicle,...
The McCain campaign implied on Wednesday that Barack Obama's commitment...
The Bush...
John McCain made a mistake this evening, which as far as...
I understand why John McCain's campaign...
***UPDATED BELOW*** During a CBS interview on Tuesday, John McCain made...
The New York Times has rejected an op-ed penned by Senator John McCain in response...
BARCELONA, Spain — Christian Bale swept into Barcelona on Wednesday night to attend a...
When Walk Score recently released their ranking of the ten most walkable U.S. cities there was no doubt that folks in places...
Here we go again. Oil prices tumbling "in the steepest four...
According to Psychology Today and referencing the American Journal of Psychiatry,...
AP | Posted 06.23.2008 | Politics