The federal government late Friday filed lawsuits against 17 financial institutions, including some of the nationās largest banks, alleging a patter...
Hedge-fund manager John Paulson made $4 billion betting against subprime mortgages, the market that ultimately helped destroy Lehman Brothers Holdings...
Ours is a union divided between those who agree with Obama that "the worst of the recession is over" and the far larger number in deep pain that this president is bent on ignoring.
The Reagan years inundated American homeowners with advertising campaigns encouraging them to borrow against their homes to take dream vacations. This was the first time, in history, when people imagined the way to get rich was to run in to debt.
If McConnell-style deceit about the financial reform bill continues in the Senate, serious regulatory reform won't happen. Half measures won't work. Only robust financial reform will end Wall Street's freedom to deceive.
As Rupert Murdoch transforms the WSJ from a business must-have into a general interest read, will the paper continue its thorough coverage of mergers and acquisitions news?
People looking to solve financial problems are also looking for empathy. Instead, the message they often receive from books about money is "I'm OK and you're an idiot."
by Zach Carter, Media Consortium blogger
Last week, the U.S. Senate rejected a plan that would have broken up the nation's six largest banks firms in...
WASHINGTON -- In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but n...
Even by the distorted standards of the national housing bubble, north central Florida was a hot market. Between 2004 and 2006 new houses and property ...
Many of the now-discredited practices that enabled the subprime mortgage market to boom and then bust have reappeared in the reverse mortgage business...
After the Pentagon documented the adverse impact of predatory lending on military personnel, Congress prohibited payday lenders from making loans to active duty service members.
"Can I see some ID?"
"Don't have any," said the faded manila folder listing toward a bottle of Jack Daniels.
"Proof of income?" the bartender asked ...
Ignorance is bliss, which perhaps explains Gov. Sarah Palin being so confidently wrong about the root cause of the federalization of most of the nation's mortgage market. But what is McCain's excuse?