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Subprime Lending

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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Q&A with Housing Bubble Forecaster Dean Baker

Leo W. Gerard | Posted 04.02.2009 | Business

Read More: Federal Reserve Board Chairman Ben Bernanke, Subprime Lending, Financial Transactions Tax, Fiscal Stimulus, Usw, National Bureau of Economic Research, United Steelworkers, Treasury Secretary Henry Paulson, Conventional Wisdom, Recession, Unemployment, James K. Galbraith, Subprime Mortgages, Stock Bubble, Inflation, Deborah Salomon, New York Times, Stock Market, Liar Loans, Bubble Economy, Stimulus Package, Housing Bubble, Business News
Leo W. Gerard

Baker: "For most economists, the idea that a market would take leave from its senses -- that it would be driven by speculation -- is almost inconceivable."

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Pritzker Saved Obama Much Embarrasssment By Bowing Out Of Commerce

Earl Ofari Hutchinson | Posted 12.21.2008 | Politics

Read More: Financial Crisis, Corporate Ceo, Commerce Secretary, Obama Campaign Finance Chair, Barack Obama, Subprime Lending, Presidential Appointments, Superior Bank, Penny Pritzker, Politics News
Earl Ofari Hutchinson

Pritzker did Obama, herself, and probably the thousands of other bilked homeowners who still blame her family bank for their misery, a favor by bowing out of Commerce. That is if indeed she did bow out.

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Default Swaps and Denuded Swamps

Jeff Schweitzer | Posted 11.29.2008 | Green

Read More: Environmental Crisis, Wake Up Call, Subprime Lending, November 5, Climate Change, Environment, Crisis, Obama, 1 Trillion, Taxpayers, Wall Street, Self Destruction, Financial Meltdown, Global Warming, Ponzi Scheme, Green News
Jeff Schweitzer

After eight years of neglect, climate change requires immediate attention. Let us respond with urgency, with humility, and with an eye on Wall Street as a reminder of our errant ways.

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McCain and Obama's Wall Street Greed Team

Earl Ofari Hutchinson | Posted 03.26.2009 | Politics

Read More: Bailout, Barack Obama, Subprime Lending, Presidential Race, Penny Pritzker, Financial Houses, Gop, Democrats, Wall Street, John McCain, Wall Street Crisis, Bailout Outrage, Politics News
Earl Ofari Hutchinson

Team Obama has matched and in some cases exceeded Team McCain in the mad dash to bundle cash from Wall Street with one even more troubling note.

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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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What About Main Street?

Washington Independent | Mary Kane | Posted 04.03.2008 | Business

Read More: Subprime Lending, JP Morgan, Wall Street, Consumer Advocates, Main Street, Shareholders, Subprime Loans, Federal Reserve, Bear Stearns, Bear Stearns Employees, Subprime Mortgages, Bear Stearns Shareholders, Business News

Now that JPMorganChase has raised its bid for Bear Stearns, angry shareholders seemed to have calmed down and Wall Street isn't as worried that the in...

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Billionaire Ross Eyes Ambac

Reuters Via CNBC | Posted 03.28.2008 | Business

Read More: Ambac Financial Group, Corporate Bonds, Subprime Lending, Bond Insurers, Wilbur Ross, Business News

Billionaire Wilbur Ross is in serious talks to take over Ambac Financial Group, according to a media report, but broader efforts to rescue the sector ...

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Cayne To Step Down As Bear Stearns CEO

CNBC | Charles Gasparino | Posted 03.28.2008 | Business

Read More: Subprime Bond Market, Cnbc, Banking, Subprime Lending, Bear Stearns, Alan Schwartz, James Cayne, Business News

James Cayne has resigned as chief executive officer of Bear Stearns, amid widespread concern over his management of the Wall Street firm that has been...

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"House Lust" Hits Home

Washington Post | Robert J. Samuelson | Posted 03.28.2008 | Business

Read More: Subprime Mortgagegs, Subprime Lending, Housing Collapse, House Lust, Business News

Down the block from my home, workmen are finishing a new house. It replaces a bungalow that had measured about 1,500 square feet. The new home has a c...

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Fed To Crack Down On Abusive Lending Practices

AP | Posted 03.28.2008 | Business

Read More: Federal Reserve, Lending Practices, Subprime Mortgages, Subprime Loans, Subprime Lending, Business News

People taking out home mortgages may gain new protections soon against shady lending practices as the Federal Reserve seeks to back even the riskiest ...

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Over Half Of Americans Believe We Are In A Recession

CNN | Posted 03.28.2008 | Business

Read More: Recession Fears, Subprime Loan Crisis, Subprime Mortgages, Subprime Loans, Subprime Lending, Subprime Mortgage Crisis, Recession, Business News

More than half the American public -- 57 percent -- now believe the nation is in a recession, compared to 42 percent who do not, according to new CNN/...

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Home Sales Rise, But So Do Recession Fears

Reuters Via CNBC | Posted 03.28.2008 | Business

Read More: National Association of Realtors, Subprime Loan Crisis, Subprime Lending, Recession Fears, Recession, Subprime Loans, Subprime Mortgage Crisis, Subprime Mortgages, Business News

Pending sales of existing U.S. homes rose modestly in October, bucking Wall Street forecasts, but the decline from a year ago was the third largest on...

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White House Mortgage Meltdown: Bush Gives Out Wrong Hotline Number

Posted 03.28.2008 | Politics

Read More: Subprime Lending, Mortgage Crisis, George W. Bush, Subprime Loan Crisis, Subprime Loans, Subprime Mortgage Crisis, George Bush, Bush Economic Plan, Breaking Business News, Bush Interest Rates, Subprime Mortgages, Politics News

Harried homeowners seeking mortgage relief from a new Bush administration hotline Thursday had to contend with a bit of temporary misdirection from th...

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