Topic: Subprime Lending

Roubini Says 400 More Bank Failures Are Likely

The FDIC says more than 800 banks are still at risk. Economist Nouriel Roubini, known for predicting the subprime crisis, expects to see about half...
THE number of homeowners getting emergency aid from the Government to pay their mortgages has doubled in the past two years, new figures obtained...
The president and founder of Chabad of California Inc. testified Friday that a billionaire philanthropist made a verbal promise to him in 2004 to...

I failed to foresee crisis: Bernanke

Ben Bernanke, who told Congress in 2007 that the subprime mortgage crisis was likely to be contained, said on Thursday that he had failed to...
High loan-to-value (LTV) mortgages could be even scarcer in the future if the Bank of England introduces a cap on mortgage lending as part of a...

ASIC set to get tough on credit providers

CREDIT providers face strict new compliance reviews and applicants for new licences will be subject to rigorous checks to ensure their applications ...
MarketWatch: More warnings about credit cards - including those to pay for health care services - are coming from New York's elected officials...
Ben S. Bernanke, who told Congress in 2007 that the subprime mortgage crisis was "likely to be contained," said Thursday that he had failed to...

Inequality, the crisis and government, ctd

MY COLLEAGUE thought our discussion about where to locate the causes of the financial crisis had left the issue of inequality behind. I didn't...

3 Money Sucking Financial Innovations

Many fabulous financial innovations have been made in the last 15 years that have helped to make your life easier or better. Unfortunately, not all...