Fed Steps Into Mortgage Mess
Dec 19, 2007 The term "subprime mortgage" has certainly been in heavy rotation in recent months, and economic panic has spread as a result of lenders playing fast and loose with their home-lending criteria, causing chaos in the mortgage market. Enter the Federal Reserve to try to undo some of the damage and prevent a recurrence.
Shades of ’29?
Nov 2, 2007 Thursday was not a good day on Wall Street, with the Dow dropping over 362 points to close at 13,567.87. Meanwhile, the S&P 500, like the Dow, fell 2.6 percent, and the Nasdaq also took a hit, dipping 2.25 percent by day's end.Bush Spotty on Economics, Grades
Sep 20, 2007 Anyone considering a bid for the presidency these days should keep records of their college (and, to be extra-safe, high school) report cards handy, judging by President Bush's take on the state of the nation's economy and the relation of that topic to his own educational history.Home Foreclosures on the Rise
Mar 5, 2007 As interest rates continue to spiral out of control for many high-risk borrowers, the number of home foreclosures around the country is steadily going up. There isn't much good news for the opportunistic lenders either -- more than 20 mortgage companies have already gone bankrupt.
