Subprime Loans

What Pelosi Doesn't Get About Persuasion

Kathleen Reardon | Posted 07.21.2008 | Politics

Read More: Democratic Congress, Subprime Loans, Nancy Pelosi, Hillary Clinton, Afghanistan, Iraq, Vice Presidential Picks, Barack Obama Vice President, Obama Cabinet, Obama Vp Picks, Obama Vice President, Politics News
Kathleen Reardon

Berating women who are still supporting for vice president a candidate who won half the Democratic presidential nominee votes is not the way to persuade them to support Obama.

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Housing Prices May Still Go Lower

Washington Independent | Charles R. Morris | Posted 07.07.2008 | Business

Read More: Bank of America, Subprime Loans, Housing Crisis, Countrywide Financial, Mortgage Crisis, Business News

Financial markets have finally internalized the brutal fact that house prices still have a long way to fall. The full-year price drop in 2007 was 8.5 ...

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Matthew Tannin: Bear Stearns Former Manager Indicted In Mortgage Sweep

Brigitte Bradford | Posted 06.19.2008 | Business

Read More: Ralph Cioffi, Bear Stearns, Matthew Tannin, Bear Stearns Subprime, Subprime Bailout, Fbi Mortgage Arrests, Subprime Mortgage Fallout, Subprime Mortgages, Bear Stearns Buyout, Subprime Mortgage Crisis, Mortgage Arrests, Mortgage Indictments, Bear Stearns Collapse, Mathew Tannin, Mortgage Schemes, Subprime Loans, Mortgage Fraud, Business News

Below is some information on Matthew Tannin, one of the two former Bear Stearns executives indicted today in the FBI's "Operation Malicious Mortgage."...

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Ralph Cioffi: Bear Stearns Former Manager Indicted In Mortgage Crackdown

Brigitte Bradford | Posted 06.19.2008 | Business

Read More: Ralph Cioffi, Subprime Mortgages, Subprime Mortgage Crisis, Matthew Tannin, Bear Stearns, Bear Stearns Subprime, Fbi Mortgage Arrests, Subprime Mortgage Fallout, Bear Stearns Buyout, Mortgage Arrests, Subprime Bailout, Mortgage Indictments, Bear Stearns Collapse, Mortgage Schemes, Subprime Loans, Mortgage Fraud, Business News

Below is information on Ralph Cioffi, the former Bear Stearns manager, who was arrested on Thursday and charged with securities fraud and various cha...

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Bear Stearns Executives Ralph Cioffi, Matthew Tannin Indicted... FBI Announces "Operation Malicious Mortgage"

AP | TOM HAYS | Posted 06.19.2008 | Business

Read More: Bear Stearns Subprime, Subprime Loans, Subprime Mortgage Fallout, Subprime Mortgages, Bear Stearns Buyout, Subprime Mortgage Crisis, Subprime Bailout, Bear Stearns, Bear Stearns Collapse, Ralph Cioffi, Fbi Mortgage Arrests, Mortgage Arrests, Matthew Tannin, Mortgage Indictments, Mortgage Schemes, Mortgage Fraud, Business News

Two former Bear Stearns managers have been arrested, federal authorities said Thursday, becoming the first executives to face criminal charges in the ...

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The Global Impact of the Subprime Crisis

Alec Baldwin | Posted 03.27.2008 | Business

Read More: Layoffs, Investment Banks, Bear Stears, U.S. Economy, JP Morgan, Subprime Mortgages, Bear Stearns Bailout, Subprime Mortgage Crisis, Factory Workers, Governments, Subprime Loans, Bailout, Economy, Business News
Alec Baldwin

Is it now true that the only way the US can maintain its standard of living is by exporting bogus wars and bad debt to foreign countries?

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What About Main Street?

Washington Independent | Mary Kane | Posted 03.26.2008 | 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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The Mortgage Mess and the Economic Meltdown: What McCain (and the rest of us) Should Learn from the Keating Scandal

Peter Dreier | Posted 03.25.2008 | Home

Read More: John McCain, John McCain Banking Industry, Subprime Mortgages, Huffington Post Off the Bus, Subprime Mortgage Crisis, John McCain Wall Street, Subprime Loans, John McCain Financial Services Industry, Offthebus, Huffpost Off the Bus, John McCain Keating 5 Scandal, Keating Five, Home News
Peter Dreier

If McCain were alone in participating in this culture of corruption, we wouldn't be in the economic mess we're now in. Unfortunately, McCain's behavior was typical.

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Everything You Wanted To Know About The Credit Crunch (But Were Afraid To Ask)

New York TImes | David Leonhardt | Posted 03.19.2008 | Business

Read More: U.S. Economy, Credit Crisis, Stock Market, Federal Reserve, Recession, Subprime Loans, Bear Stearns, Credit Crunch, Depress, Financial Crisis, Business News

Raise your hand if you don't quite understand this whole financial crisis. It has been going on for seven months now, and many people probably feel a...

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Bernanke Calls for More Mortgage Relief

AP | JEANNINE AVERSA | Posted 03.04.2008 | Business

Read More: U.S. Economy, Subprime Crisis, Subprime Mortgages, Foreclosure, Recession Fears, Recession, Subprime Loans, Federal Reserve, Ben Bernanke, Homeowners, Credit Crunch, Housing Market, Business News

WASHINGTON — Battling a dangerous wave of home foreclosures, Federal Reserve Chairman Ben Bernanke called Tuesday for additional relief and urge...

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HSBC's American Subprime Loan Write-Offs Hit $51 Million A Day

Times Online | Patrick Hosking | Posted 03.03.2008 | Business

Read More: Subprime Crisis, Hsbc, Subprime Loans, Subprime Mortgages, Subprime, Business News

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...

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Wall Street Gears For New Pain

Wall Street Journal | LINGLING WEI, RANDALL SMITH | Posted 03.03.2008 | Business

Read More: Citigroup, U.S. Economy, Banks, Subprime Loans, Real Estate, Credit Crunch, Subprime Shakedown, Goldman Sachs, Merrill Lynch, J.P. Morgan Chase, Morgan Stanley, Lehman Brothers, Bear Stearsn, Subprime Loan Crisis, J.P. Morgan, Commercial Real Estate, Business News

After suffering a beating from their exposure to home loans, banks and securities firms are about to take their lumps from office towers, hotels and o...

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Credit Crunch Worries Economists

AP | MARTIN CRUTSINGER | Posted 03.03.2008 | Business

Read More: Credit Crunch, Subprime Loan Crisis, Subprime Loans, U.S. Economy, Business News

WASHINGTON — The cascading fallout from the subprime loan crisis, barely a cloud on the horizon a year ago, is now viewed by experts as the econ...

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Subprimes Push UBS to First Annual Loss

AP | ERNST E. ABEGG | Posted 02.14.2008 | Business

Read More: Ubs, UBS Loss, Subprime Loans, Subprime Mortagages, Subprime Mortgages Crisis, Credit Crunch, UBS AG, Marcel Rohner, Business News

ZURICH, Switzerland — UBS AG on Thursday posted a fourth-quarter net loss of $11.28 billion, and a loss for the entire year, besieged as other b...

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Countrywide to Aid More Borrowers

AP | ALEX VEIGA | Posted 02.11.2008 | Business

Read More: Countrywide, Countrywide Financial, Subprime Loans, Subprime Mortgages, Subprime Mortgage Crisis, Business News

LOS ANGELES — Countrywide Financial Corp., under pressure to help stem growing home loan defaults, says it will expand programs to help borrower...

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HSBC Expected To Sell 400 Banks

New York Times | Posted 02.10.2008 | Business

Read More: Subprime Loans, HSBC Banks, Hsbc, Business News

HSBC Holdings, the biggest bank in Europe, plans to put about half of its 800 French consumer branches up for sale as it focuses on expanding in Asia ...

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The New Bailout: Individual Health Insurance Mandates and Greater Personal Debt

Rose Ann DeMoro | Posted 02.08.2008 | Politics

Read More: Health Care and Banking, Subprime Mortgages, Subprime Mortgage Crisis, Banking, Hillary Clinton, Subprime Loans, 2008 Election, Health Care, Barack Obama, Politics News
Rose Ann DeMoro

The banks are already into health care in a big way, serving as a repository for health savings accounts and other tax credit schemes. But the financiers would like more.

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Recession Fears Dominate Davos

Reuters | Adam Plowright | Posted 01.23.2008 | Business

Read More: U.S. Economy, Oil Prices, Davos, Slowing Growth, Global Economy, Stock Markets, Subprime Loans, Subprime Loan Crisis, Davos Conference, World Economic Forum, Business News

The annual Davos gathering of the world's political and business elite opened Wednesday, dominated by the deep cut in US interest rates aimed at preve...

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Bush of Arabia -- What the Talk Shows Missed

Barry Lando | Posted 01.17.2008 | Business

Read More: Saudia Arabia, George Bush, Sovereign Funds, Subprime Mortgages, Economic Recession, Subprime Mortgage Crisis, 2008 Recession, Subprime Loan Crisis, Subprime Loans, Recession Watch, Recession, Business News
Barry Lando

As Bush was dancing with King Abdullah, the King's nephew, Prince Alwaleed bin Talal, was increasing his stake in Citigroup.

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Florida Caught In Eye Of Burst Real Estate Bubble

New York Times | Peter S. Goodman | Posted 12.25.2007 | Business

Read More: Real Estate Boom, Bubble Bursting, Mortgage Crunch, Real Estate Frenzy, Subprime Mortgage Crisis, Subprime Loans, Real Estate Bubble, Subprime Loan Crisis, Real Estate, Subprime Mortgages, Credit Crunch, Business News

Two years ago, when Eric Feichthaler was elected mayor of this palm-fringed, middle-class city, he figured on spending a lot of time at ribbon-cutting...

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Goldman Sachs Still Golden

AP | Joe Bel Bruno | Posted 12.18.2007 | Business

Read More: Lloyd Blankfein, Investment Banks, Subprime Loans, Goldman Sachs, Investment Bankers, Subprime Mortgages, Business News

Goldman Sachs Group Inc. on Tuesday gave a cautious outlook for Wall Street in 2008 because of the ongoing credit crisis, even as the world's largest ...

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Fed To Crack Down On Abusive Lending Practices

AP | Posted 12.15.2007 | 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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How Goldman Won Big On Mortgage Meltdown

Wall Street Journal | Kate Kelly | Posted 12.14.2007 | Business

Read More: Goldman, Goldman Sachs, Subprime Loan Crisis, Subprime Mortgages, Subprime Loans, Subprime Mortgage Crisis, Business News

The subprime-mortgage crisis has been a financial catastrophe for much of Wall Street. At Goldman Sachs Group Inc., thanks to a tiny group of traders,...

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Greenspan Explains It All: How The Credit Crisis Happened

Wall Street Journal | Alan Greenspan | Posted 12.12.2007 | Business

Read More: US Economy, Credit Crisis, Subprime Loans, Subprime Loan Crisis, Alan Greenspan, Subprime Mortgages, Subprime Mortgage Crisis, Business News

On Aug. 9, 2007, and the days immediately following, financial markets in much of the world seized up. Virtually overnight the seemingly insatiable de...

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Over Half Of Americans Believe We Are In A Recession

CNN | Posted 12.11.2007 | 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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