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The financial crisis has culled the world's herd of big banks, leaving survivors dazed and damaged. But there is a rare exception in the long line of walking wounded: Spain's Banco Santander,...
The inspectors general at the U.S. Treasury and the Federal Deposit Insurance Corp. (FDIC) have both issued reports saying that bank failures surged because regulators in some cases didn't step in...
This is a good review of the rapidly deteriorating economic conditions in California at both the state and city level. Schwarzenegger is facing true lies from the state legislature while California...
Think you immune from the credit crunch because you have good credit and aren't going to sell your own anytime soon. Thing again? Here are five ways in which you might also be impacted.
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 are 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 them...
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...