Tag: subprime mortgage crisisSort
Interview with Hank Paulson: Financial Crisis & On the Brink
Swiss Banking Regulator Wants UBS, Credit Suisse to Raise $68 Billion
IndyMac Going Down
Royal Bank of Scotland's Stock Market Crach Prediction Fuels Global Fears
RBS analysts have warned clients to brace for a full-blown crash in the global stock-and-bond markets over the next three months as the conflicting realities of slowing growth and rising inflation paralyze the world’s major central banks - causing “all the chickens [to] come home to roost,” Great Britain’s Daily Telegraph newspaper reported.
How Angelo Mozilo Skimmed Countrywide
Mozilo faces a barrage of criticism about the way he mishandled the company and brought it to the brink of bankruptcy, about his personal compensation, the extraordinary amounts he accrued by cashing in Countrywide stock in the months preceding the subprime mortgage crisis which decimated the value of the company's shares, and about using the company as a personal fiefdom to grant favors for frien
Bear Stearns Shareholders Approve Sale To JP Morgan
How The Fed Can Solve The Subprime Mortgage Crisis
Should the Fed directly start lending directly to mortgage REIT investors and reduce their load by taking the mortgage-backed securities off their hands? If this does happen, it will, in one stroke, wipe out the impact of subprime mess, which has three parts - a) Home owners facing foreclosure, b) Investors holding tainted mortgage-backed securities, and c) A credit crunch.
Total Leveraged Loss On Subprime Mortgages - $2 Trillion
A new joint Wall Street-Academic report titled 'Leveraged Losses Lessons from the Mortgage Market Meltdown' lays out the complete devastation of the subprime mortgage crisis ($400 billion), and it's ripple affect on the financial sector ($2 trillion) and on the economy (GDP loss of 1 to 1.5 perecent).