I've been often criticized for my views on the economy and been accused of not being a big name or a reputable writer. But I also sometimes get it right. So, here I am tooting my horn a bit.
Terrific article that explains exactly how the ratings agencies contributed to the credit crunch. The gist of the article is that the ratings agencies work at a conflict of interest. They need to...
As home prices fall and banks tighten lending standards, more people are raiding their retirement savings just to get by.
But dipping into 401(k) accounts can carry risks because defaulted loans...
US banks have been quietly borrowing massive amounts of money from the Federal Reserve in recent weeks by using a new measure the Fed introduced two months ago to help ease the credit crunch....
The sub-prime crisis and the credit crunch were about the failure of a lending system creating by Wall Street. Instead of banks keeping loans on their balance sheets, they pooled them and sold...
The article tries to make the case that while the average consumer did okay in their investing, the banks and brokers did horribly. That's true at an institutional level, but as individuals, I bet...
The recent spike in home foreclosures in Massachusetts is caused primarily by falling housing prices, and not by rising mortgage payments, according to research released yesterday by the Federal...
Credit Crunch sends money and workers into tech? It's something I've been pondering for awhile. The collapse of the dotcoms in 2000 clearly contributed to the real estate bubble and now maybe the...
I just saw a video on Marketwatch from Jeffrey Cointop (sp?) who says that the worst if over for the credit crisis. He thinks the economy will do well and the market could be a buy.
Something...
A friend of mine whose views on the economy I respect pointed me to this article. In it, Satyajit Das, one of the pioneers of financial engineering draws a pretty gloomy picture for the future....
In one corner you have the fact that more adjustable rate mortgages are due to reset, the economy is slowing, and home prices continue to decline.
In the other corner you have banks who say that...
Countrywide will report earnings on Friday and what they report will help to further understand the impact of the credit crunch. Countrywide has decreaded its lending 40% since the crunch began.
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