Subprime Loans

What Pelosi Doesn't Get About Persuasion

Kathleen Reardon | Posted 07.21.2008 | Politics


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.

Housing Prices May Still Go Lower

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


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 ...

Matthew Tannin: Bear Stearns Former Manager Indicted In Mortgage Sweep

Brigitte Bradford | Posted 06.19.2008 | Business


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

Ralph Cioffi: Bear Stearns Former Manager Indicted In Mortgage Crackdown

Brigitte Bradford | Posted 06.19.2008 | Business


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

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

AP | TOM HAYS | Posted 06.19.2008 | Business


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

The Global Impact of the Subprime Crisis

Alec Baldwin | Posted 03.27.2008 | Business


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?

What About Main Street?

Washington Independent | Mary Kane | Posted 03.26.2008 | Business


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...

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


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.

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

New York TImes | David Leonhardt | Posted 03.19.2008 | Business


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...

Bernanke Calls for More Mortgage Relief

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...

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

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...

Wall Street Gears For New Pain

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


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...

Credit Crunch Worries Economists

AP | MARTIN CRUTSINGER | Posted 03.03.2008 | Business


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...

Subprimes Push UBS to First Annual Loss

AP | ERNST E. ABEGG | Posted 02.14.2008 | Business


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...

Countrywide to Aid More Borrowers

AP | ALEX VEIGA | Posted 02.11.2008 | Business


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

HSBC Expected To Sell 400 Banks

New York Times | Posted 02.10.2008 | Business


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 ...

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

Rose Ann DeMoro | Posted 02.08.2008 | Politics


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.

Recession Fears Dominate Davos

Reuters | Adam Plowright | Posted 01.23.2008 | Business


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...

Bush of Arabia -- What the Talk Shows Missed

Barry Lando | Posted 01.17.2008 | Business


Barry Lando

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

Florida Caught In Eye Of Burst Real Estate Bubble

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


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...

Goldman Sachs Still Golden

AP | Joe Bel Bruno | Posted 12.18.2007 | Business


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 ...

Fed To Crack Down On Abusive Lending Practices

AP | Posted 12.15.2007 | Business


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

How Goldman Won Big On Mortgage Meltdown

Wall Street Journal | Kate Kelly | Posted 12.14.2007 | Business


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,...

Greenspan Explains It All: How The Credit Crisis Happened

Wall Street Journal | Alan Greenspan | Posted 12.12.2007 | Business


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

Over Half Of Americans Believe We Are In A Recession

CNN | Posted 12.11.2007 | Business


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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