Banks’ self-dealing super-charged financial crisis
August 29th, 2010Banks’ self-dealing super-charged financial crisis
Faced with increasing difficulty in selling the mortgage-backed securities that had been among their most lucrative products, the banks hit on a solution that preserved their quarterly earnings and huge bonuses.
Read more on The Charlotte Observer
Related posts:
- Senate, House financial overhaul targets lending practices of mortgage crisis
- Mortgage rates drop as banks wait on RBA
- The Hindu Business Line : Major banks build up home loan market share
- Rep. Mike Honda: Fixing the Foreclosure Crisis Facing Minority Populations
- More Bank-Owned Homes Likely to Hit the Market
Posted in News | Comments (0)