| What is RSS feed? | About Us |
 |
 Search Score: 5/10
Source: money.cnn.com --- 21 days ago
The Subprime mortgage meltdown and resulting rippling repercussions have a brief, but dramatic, history. ... Source: www.businessweek.com --- 5 days ago
Fresh off the false and politicized attack on Fannie Mae and Freddie Mac, today we're hearing the know-nothings blame the Subprime Crisis on the Community Reinvestment Act -- a 30-year-old law that was actually weakened by the Bush administration just as the worst lending wave began. This is even more ridiculous than blaming Freddie and Fannie. The Community Reinvestment Act, passed in 1977, requires banks to lend in the low-income neighborhoods where they take deposits. Just the idea that a lending Crisis created from 2004 to 2007 was caused by a 1977 law is silly. But it's even more ridiculous when you consider that most Subprime loans were made by firms that aren't subject to the CRA. University of Michigan law professor Michael Barr testified back in February before the House Committee on Financial Services that 50% of Subprime loans were made by mortgage service companies not subject comprehensive federal supervision and another 30% were made by affiliates of banks or thrifts which are not subject to routine supervision or examinations. As former Fed Governor Ned Gramlich said in an August, 2007, speech shortly before he passed away: "In the Subprime market where we badly need supervision, a majority of loans are made with very little supervision. It is like a city with a murder law, but no cops on the beat." Not surprisingly given the higher degree of supervision, loans made under the CRA program were made in a more responsible ... Source: www.bloomberg.com --- 30 days ago
... Source: ilp-www.mit.edu --- 29 days ago
09/09/08: Paul Willen Federal Reserve Bank - Boston ... Source: www.prweb.com --- 3 days ago
Investors around the world are searching for safe and secure investments in an effort to avoid the volatility we are currently seeing in the market. A new collaborative effort between Mosaic Management Group, Wizard and Fundabilis promises to answer investors needs worldwide. (PRWeb Oct 3, 2008) Read the full story at http://www.prweb.com/releases/2008/10/prweb1415274.htm ... Source: movieblog.ugo.com --- 11 days ago
I don’t claim to understand economics, but I do know that listening to the President yammer about giving tax dollars to aid wall street companies that (whoooopsie!) gave away too much money to places they shouldn’t have is a lot more fun when The Joker is involved. ... Source: www.linuxjournal.com --- 5 days ago
As I listen to all this talk of lack of trust in the banking system, of inflated values ungrounded in any reality, of “opacity”, and of “contaminated” financial instruments, I realise I have heard all this before. In the world of software, as in the world of finance, there is contamination by overvalued, ungrounded offerings that have led to systemic mistrust, sapped the ability of the computer industry to create real value, and led it to squander vast amounts of time and money on the pursuit of the illusory, insubstantial wealth that is known as “intellectual property”. read more ... Source: economia.noticias24.com --- 20 days ago
La quiebra de Lehman Brothers, la compra de Merrill Lynch por el Bank of America y la creación de un fondo de garantías de 70 mil millones de dólares por diez bancos internacionales, son los últimos eslabones de una Crisis desatada por las hipotecas “Subprime” en EEUU, que ha sacudido a los mercados financieros mundiales [...] ... Source: hotair.com --- 15 days ago
Did someone order red meat? ...
Source: slarshie.diaryland.com --- 2 days ago
more ) ... Source: www.spurl.net --- 15 days ago
Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to … Read ... Spurled by: 1 Spurl it! ... Source: www.simpy.com --- 34 days ago
For the past few weeks, financial markets around the world have been rattled by the US Subprime mortgage Crisis triggered by the sharp fall ... --> Tagged by ecto18 under Invest , Investing , Stock Market , Money , Warren Buffett , Stock , ... Source: www.tennessean.com --- 30 days ago
WASHINGTON — The source of trouble in the mortgage market has shifted from Subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments. ... Source: www2.warwick.ac.uk --- 11 days ago
Last updated: 11:37, Thu 25 Sep 2008 by Tom Abbott ... Source: www.redstate.com --- 14 days ago
Once again, it is time to call shenanigans on one's own side. Just yesterday, Senator McCain reiterated that he wanted SEC Chairman Chris Cox gone and said that he would like to replace Cox with . . . Andrew Cuomo . Is this a "getting a fox to guard the chicken coop" moment? Why, yes . Yes, it is . And by the way, this link ought to remind you of the degree to which government is acting like Captain Renault in Casablanca and coming in to tell us that it is shocked-- shocked! --to find out that there are defaults in the Subprime mortgage market. ... Source: www.buffalonews.com --- 3 days ago
Subprime lending has triggered a global financial Crisis, but it remains misunderstood. Here are some basic facts, culled from an upcoming report on abandoned housing by the Partnership for the Public Good. ... Source: www.gtr.co.uk --- 1 day ago
Following the problems in the sub-prime lending market in America and the run on Northern Rock in the UK, uncertainty has now hit Japan. In the last 7 days Origami Bank has folded, Sumo Bank has gone belly up and Bonsai Bank announced plans to cut some of its branches. Yesterday, it was... ... Source: ace.mu.nu --- 6 hours ago
Well of course it is, darling. Rep. Barney Frank said Monday that Republican criticism of Democrats over the nation's housing Crisis is a veiled attack on the poor that's racially motivated. The Massachusetts Democrat, chairman of the House Financial Services... ... Source: www.thedmonline.com --- 19 days ago
... Find more results for Subprime Crisis on RSSMicro.com |
Copyright © 2008 RSSMicro.com
![Barron's: The Subprime Crisis May Be Over [Housing Tracker]](http://static.seekingalpha.com/uploads/2008/1/9/house_for_sale.jpg)