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Posts Tagged ‘Crisis’

Research Links Financial Crisis To Revolving-Door Lobbyists

June 13th, 2011

Research Links Financial Crisis To Revolving-Door Lobbyists Two economists at the International Monetary Fund crunched the numbers and determined lobbying by lenders and other U.S. financial interests encouraged the watering-down of regulations that contributed to the 2007 meltdown of the mortgage market. Read more on The Huffington Post

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Treasury Department to begin selling off mortgage-backed securities it bought during the financial crisis

March 22nd, 2011

Treasury Department to begin selling off mortgage-backed securities it bought during the financial crisis The Treasury Department is to begin selling off the $142 billion in mortgage-backed securities it purchased from Fannie Mae, Freddie Mac and other government agencies to help stabilize the housing market during the financial crisis. The divestiture will begin with… Read [...]

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Watchdog: IMF’s trust in markets, regulators blocked sight of financial crisis

February 10th, 2011

Watchdog: IMF’s trust in markets, regulators blocked sight of financial crisis Political pressure prevented agency from adequately diagnosing the trends that led to the financial crisis. Read more on Washington Post

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Foreclosures: Crisis to continue in 2011

December 26th, 2010

Foreclosures: Crisis to continue in 2011 Economy, home values all tied to crisis Florida’s foreclosure crisis has been driving down the state’s economy for four years, pulling down home values and sinking family finances. Read more on Sun-Sentinel

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European Stock-Index Futures Climb Amid Optimism ECB to Act on Debt Crisis

December 2nd, 2010

European Stock-Index Futures Climb Amid Optimism ECB to Act on Debt Crisis European stock-index futures rose, with the Stoxx Europe 600 Index poised to extend its biggest rally in three months, amid optimism the European Central Bank will act to stem the region’s debt crisis. Asian equities advanced and U.S. futures were little changed. Read [...]

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Spain’s leader vows deficit reduction amid crisis

November 27th, 2010

Spain’s leader vows deficit reduction amid crisis Spain’s prime minister mounted a vigorous defense Saturday of his nation’s economy and finances, insisting his administration will forge ahead with austerity measures and force troubled banks and regional governments to reveal information about savings and restructuring efforts. Read more on AP via Yahoo! News

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Banks’ self-dealing super-charged financial crisis

August 29th, 2010

Banks’ 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

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Senate, House financial overhaul targets lending practices of mortgage crisis

May 28th, 2010

Senate, House financial overhaul targets lending practices of mortgage crisis Tucked into the landmark financial legislation making its way through Congress are little-publicized provisions aimed at preventing a repeat of the mortgage meltdown that ultimately doomed global financial markets. Subprime mortgage crisis – Mortgage – Business – United States – Financial Services Read more on [...]

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Goldman accused of fraud linked to mortgage crisis

April 17th, 2010

Goldman accused of fraud linked to mortgage crisis A US watchdog on Friday charged top investment firm Goldman Sachs with fraud over the sale of a complex mortgage product like those blamed for the financial meltdown. Read more on AFP via Yahoo! News

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Rep. Mike Honda: Fixing the Foreclosure Crisis Facing Minority Populations

April 4th, 2010

Rep. Mike Honda: Fixing the Foreclosure Crisis Facing Minority Populations The Asian-American and Pacific Islander communities have been particularly hard hit by housing foreclosures. Homeownership rates for Asians, for example, fell 1.2 percent in 2008,… Read more on The Huffington Post

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