Credit Crisis

Worried Banks Horde Cash

Financial Times | Chris Giles, James Politi | Posted 03.26.2008 | Business

Read More: Credit Crunch, Credit Crisis, Money Markets, Banks, Stocks Markets, Central Banks, Federal Reserve, Equity Markets, House Prices, Financial Institutions, Business News

Central banks' efforts to ease strains in the money markets are failing to stop financial institutions from hoarding cash, stoking fears that the rece...

Read Whole Story

Paul Krugman Slams...Hillary

NY Times | Paul Krugman | Posted 03.26.2008 | Politics

Read More: Clinton Greenspan, Clinton Economic Speech, Clinton Credit Crisis, Alan Greenspan Crisis, Hillary Clinton 2008, Paul Krugman Alan Greenspan, Hillary Clinton Alan Greenspan, Hillary Clinton, Paul Krugman, Credit Crisis, Clinton Economic Crisis, Politics News

OK, this is pretty dumb. Hillary Clinton wants a high-level commission to analyze ways to resolve the mortgage crisis -- including Alan Greenspan. Ye...

Read Whole Story

Stocks In Longest Funk Since 1970s

Wall Street Journal | E.S. BROWNING | Posted 03.26.2008 | Business

Read More: Credit Crisis, U.S. Economy, Stock Market, Inflation, Morningstar, Standard & Poors, Recession, Long Term Investments, Credit Crunch, 1970s Inflation, Stocks, S&P 500, Economy, Great Depression, Treasury Bonds, Business News

Over the past 200 years, the stock market's steady upward march occasionally has been disrupted for long stretches, most recently during the Great Dep...

Read Whole Story

Ben Bernanke Got Punk'd

Motley Fool | Rick Aristotle Munarriz | Posted 03.25.2008 | Business

Read More: Home Owners, JP Morgan, Subprime Mortgages, Subprime Mortgage Crisis, Home Mortgages, Federal Reserve, Mortgage Solution, Ben Bernanke, Credit Crisis, Credit Crunch, Recession, Ashton Kutcher, Mortgage Sellers, Business News

Yesterday's fivefold increase in JPMorgan's (NYSE: JPM) bidding price for the Al Capone vault that Bear Stearns (NYSE: BSC) has become is as shocking...

Read Whole Story

Not So Fast On Mortgage Solutions

Washington Independent | Charles R. Morris | Posted 03.25.2008 | Business

Read More: Credit Crisis, HOme Owners Loan Corporation, Subprime Mortgage Crisis, RTC, Home Mortgages, Mortgage Solution, Recession, Chris Dodd, Ben Bernanke, Subprime Mortgages, Resolution Trust Corporation, Holc, Credit Crunch, Mortgage Sellers, Business News

A drumbeat is building for some form of federal takeover of troubled home mortgages. Sen. Chris Dodd (D-Conn.) is leading the charge in the Congress, ...

Read Whole Story

20,000 Wall Street Jobs Threatened By Credit Crisis

Guardian | Andrew Clark | Posted 03.25.2008 | Business

Read More: Layoffs, U.S. Economy, Credit Crisis, Unemployment, Job Cuts, Wall Street, Jobs, Employment, Job Losses, Credit Crunch, Business News

More than 20,000 people are forecast to lose their jobs on Wall Street as the credit crunch bites into business at financial institutions over the nex...

Read Whole Story

Specter: Congress Should Cut Short Break

AP | HOPE YEN | Posted 03.24.2008 | Politics

Read More: Arlen Specter, Specter Economy, Credit Crisis, Subprime Mortgage Crisis, Recession, Recession Fears, Recession Watch, 2008 Recession, Economic Recession, Politics News

WASHINGTON — Congress should cut short its spring break to work on proposals this week that would tighten regulation of investment banks and hel...

Read Whole Story

"Bridge" Loan To Bear Stearns - Who's The Real Dummy?

Stephen H. Baum | Posted 03.21.2008 | Business

Read More: Bear Stearns and JPMorgan Chase, Bear Stearns Bailout, Bear Stearns Jimmy Cayne, Bear Stearns Buyout, Credit Crisis, Bear Stearns, Bear Stearns Collapse, Credit Crunch, Jimmy Cayne, James Cayne, Business News
Stephen H. Baum

The root cause of the credit crisis is greed gone wild.

Read Post

Wall Street's Crisis Hits Main Street

New York Times | Peter S. Goodman | Posted 03.21.2008 | Business

Read More: U.S. Economy, Credit Crisis, Wall Street, Home Prices, Subprime, Economic Slowdown, Recession, Recession Watch, FInancial Markets, Business News

In Seattle, sales at a long-established hardware store, Pacific Supply, are suddenly dipping. In Oklahoma City, couples planning their weddings are de...

Read Whole Story

Democrats Fight Bush Over Housing Relief

Washington Post | Jeffrey H. Birnbaum and Lori Montgomery | Posted 03.20.2008 | Politics

Read More: Federal Housing Assistance, Credit Crisis, Housing Relief, Housing Assistance, Democrats, President Bush, Home Foreclosures, Subprime Criss, Politics News

Now that the Federal Reserve has pledged billions of dollars to rescue Wall Street bankers from possible default, lawmakers and regulators are turning...

Read Whole Story

Is The Fed Giving Wall Street A Free Ride?

BusinessWeek | Chris Farrell | Posted 03.19.2008 | Business

Read More: Fed, Credit Crisis, U.S. Economy, Economic Downturn, Wall Street, Fed Rate Cuts, U.S. Trasury, Recession, Federal Reserve, Ben Bernanke, Bear Stearns, Credit Crunch, Fat Tail, Depression, Business News

Booms and busts are inevitable in a capitalist system. Right now, the Federal Reserve and, belatedly, the U.S. Treasury, are out to avoid facing the t...

Read Whole Story

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

New York TImes | David Leonhardt | Posted 03.19.2008 | Business

Read More: U.S. Economy, Credit Crisis, Stock Market, Federal Reserve, Recession, Subprime Loans, Bear Stearns, Credit Crunch, Depress, Financial Crisis, Business News

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...

Read Whole Story

Profits At Goldman, Lehman Slashed In Half

MarketWatch | Greg Morcroft | Posted 03.18.2008 | Business

Read More: Credit Crisis, Goldman Sachs, Wall Street, Investment Banks, Trading Revenue, Global Financial Markets, Credit Crunch, Lehman Bros, Investment Banking, First Quarter Profits, Business News

Wall Street titans Lehman Bros. and Goldman Sachs, at the center of a credit storm swirling through the global financial markets, both said Tuesday th...

Read Whole Story

An Empire of Debt -- Collapsing Under Its Own Weight

Hale "Bonddad" Stewart | Posted 03.18.2008 | Business

Read More: Economy, Falling Dollar, Debt, Dollar, Weak Dollar, Dollar Value, Credit Crisis, Paul A. Volcker, Business News
Hale

The central problems started with the "supply-side revolution," and the policy of borrowing instead of growing is finally catching up with the great debtor that is the US.

Read Post

Fed Cuts Interest; Stocks Soar

AP | MARTIN CRUTSINGER | Posted 03.18.2008 | Business

Read More: Interest Rates, U.S. Economy, Credit Crisis, Fed Rate Cutes, Economic Slowdown, Recession Fears, Federal Reserve, Recession, Ben Bernanke, Credit Crunch, Economic Meltdown, Business News

WASHINGTON — The Federal Reserve slashed a key interest rate by three-quarters of a point Tuesday, capping its most aggressive two months of act...

Read Whole Story

No Bailout For Bear Stearns, Or For Any Homeowner For That Matter

James Boyce | Posted 03.17.2008 | Business

Read More: 2008, Mortgage Crisis, Bush Economy, Greed, U.S. Economy, Bear Stearns Bailout, Wall Street, Economy, Detroit, Bear Stearns, Credit Crisis, Credit Cards, Capitalism, Credit Crunch, Business News
James Boyce

A little economic trauma is exactly what this country needs for everyone to realize what the last eight years has done to this land, once the largest economy in the world.

Read Post

Bernanke Tries Cialis to Stimulate Dormant Economy

Linda Keenan | Posted 03.17.2008 | Business

Read More: JP Morgan Chase, Gold Standard, Charlie Rose, Emergency Rate Cut, Economic Crisis, Irrational Exuberance, Suze Orman, Federal Reserve, Credit Crisis, Recession, Cnbc, Fed Interest Rate Cuts, Sinking Dollar, Cialis, Bear Stearns Buyout, Viagra, Subprime Meltdown, Stock Market Crisis, Bear Stearns, Ben Bernanke, Alan Greenspan, Bear Stearns Bailout, Great Depression, U.S. Economy, Economy, Sade, Levitra, Bush Economy, Miralax, Satire, Business News
Linda Keenan

The pill gave the markets a quick burst, but the fast-acting stimulus soon wore off, leaving investors unimpressed and thoroughly unsatisfied.

Read Post

Fed and Rival Bail Out Bear Stearns

AP | STEPHEN BERNARD and JOE BEL BRUNO | Posted 03.14.2008 | Business

Read More: Investment Banks, Credit Crisis, Bear Stearns Bailout, Wall Street, Mortgage-Backed Securities, Federal Reserve, Bear Stearns Collapse, Bear Stearns, Housing Slump, Business News

NEW YORK — On the verge of a collapse that could have shaken the very foundations of the U.S. financial system, investment bank Bear Stearns Cos...

Read Whole Story

Bush Proposals Seen As Too Little, Too Late

Los Angeles Times | Peter G. Gosselin, Maura Reynolds | Posted 03.14.2008 | Business

Read More: Treasury Department, Credit Crisis, Subprime Mortgage Crisis, Bush Administration, Mortgages, Economic Crisis, Financial Market, Henry Paulson, Subprime Mortgages, Business News

Amid new signs of financial turmoil, the Bush administration Thursday raised the prospect of tighter regulation of U.S. financial markets. But it once...

Read Whole Story

U.S. Economy Battles Host Of Financial Woes

New York Times | Vikas Bajaj | Posted 03.14.2008 | Business

Read More: Yen, Dollar, Credit Crisis, Oil Prices, U.S. Economy, Weak Dollar, American Economy, Oil, Credit Crunch, Commodities Market, Stocks, Business News

Almost everything seems to be going wrong for the American economy at once. People are buying less, but most things are costing more. Mortgage rates a...

Read Whole Story

Stricter Mortgage Rules Proposed

AP | JEANNINE AVERSA | Posted 03.13.2008 | Business

Read More: Mortgage Crisis, Credit Crisis, Henry Paulson, Mortgage Lenders, Subprime Mortgages, Stock Market Crash, Treasury Secretary, Business News

WASHINGTON — Economic policymakers on Thursday recommended stricter regulation of mortgage lenders as part of a broad effort to prevent a repeat...

Read Whole Story

Fed Acts To Ease Strain On U.S. Economy

New York Times | Edmund L. Andrews | Posted 03.12.2008 | Business

Read More: U.S. Economy, Credit Crisis, Cash Loans, Stock Prices, Central Bank, Treasury Securities, Recession, Federal Reserve, U.S. Recession, Mortgage-Backed Securities, Credit Crunch, Business News

Impelled to take extraordinary measures for the second time in less than a week, the Federal Reserve moved on Tuesday to subdue the deepening crisis i...

Read Whole Story

Is The Fed Move Enough To Ease The Credit Crunch?

Reuters | Posted 03.11.2008 | Business

Read More: Fed, U.S. Economy, Credit Crisis, Fed Plan, Mortgage Crisis, Recession, U.S. Federal Reserve, Ben Bernanke, Subprime Mortgages, Economic Growth, Business News

The U.S. Federal Reserve and other central banks teamed up to get hundreds of billions in fresh funds to cash-starved credit markets, allowing financi...

Read Whole Story

Fed's Loan Rescue Sparks Big Stock Rally

AP | JEANNINE AVERSA | Posted 03.11.2008 | Business

Read More: U.S. Economy, Credit Crisis, Bank of Canada, Global Credit Crisis, Recession Fears, Bank of England, Federal Reserve, Central Banks, Recession, Ben Bernanke, European Central Bank, Swiss National Bank, Business News

WASHINGTON — Staring at spreading financial dangers, the Federal Reserve announced a rescue package Tuesday that would pour as much as $200 bill...

Read Whole Story

Merrill Lynch CEO Says Worst is Over

Reuters Via CNBC | Posted 03.10.2008 | Business

Read More: Credit Crisis, Merrill Lynch, John Thain, Credit Crisis Over, Credit Crunch, Business News

U.S. bank Merrill Lynch will not need to return to the market again following the turbulence in credit markets that forced it to raise nearly $13 bill...

Read Whole Story