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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: subprime crisis

subprime crisis stories: 284 news summaries

41 - 60 of 284 Stories | << Prev 1 2 3 4 5 6 7 ... 15 Next >>

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Private Sector Sparked Subprime Crisis: Fed

Liberal housing policy wasn't at fault—risky betting was

Oct 12, 08 9:12 PM CDT
(Newser) - A talk radio campaign blaming the credit crisis on lower-class Americans is up against new federal data, McClatchy reports. Critics argue that government-backed Fannie Mae and Freddie Mac, pushed by Clinton policies, gave subprime mortgages to minority Americans who could not afford homes. But 84% of mortgages were handed out... More »

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Freddie Mac • Fannie Mae • subprime crisis

 How-To Films for Tough Times 

20 cinematic escapes when you're feeling the Great Depression

Oct 12, 08 5:17 AM CDT
(Newser) - Nothing lifts a Great Depression like a visit to the talkies. Gawker recommends 20 films to watch on your iPhone while standing in tomorrow's bread lines—assuming you haven't already sold your iPhone.
  • It's a Wonderful Life: How to survive a bank run, and have a Merry Christmas.
... More »

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Wall Street • subprime crisis • bailout • movies • Great Depression • financial crisis

McCain's Housing Rescue Plan: What Is It? Is It New?

Candidate surprises with question-laden bailout proposal

Oct 8, 08 8:54 AM CDT
(Newser) - John McCain’s proposal to bail out homeowners by buying up their troubled mortgages, the only policy surprise in last night’s debate, left observers scrambling to understand how it was—if it was—different from the Treasury’s existing bailout plan. The proposal, fleshed out by the campaign, would... More »

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John McCain • mortgage • New Deal • McCain 2008 • subprime crisis • Election 2008 • bailout

Paulson Picks Goldman Alum to Oversee Bailout Fund

35-year-old to keep
seat warm until Jan.

Oct 6, 08 9:59 AM CDT
(Newser) - Treasury Secretary Henry Paulson will name former Goldman Sachs banker Neel Kashkari to oversee the $700 billion bailout fund approved last week, reports the Wall Street Journal. The appointment is an interim one for Kashkari, 35, currently an assistant Treasury secretary; a new administration would almost certainly appoint its own... More »

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Goldman Sachs • Henry Paulson • Treasury Department • subprime crisis • bailout • financial crisis • Neel Kashkari

OPINION

The Markets
Have Evened Out When ...

Analyst gives four
signs of sanity to scan your tea leaves for

Oct 6, 08 9:14 AM CDT
(Newser) - The main thing ailing the credit markets is a crisis of information, writes L. Gordon Crovitz in the Wall Street Journal, so it’ll probably end when we have some. Things may be looking up when…
  • Prices are discovered: Right now, there’s no demand for mortgage-backed
... More »

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subprime mortgages • financial markets • market • credit market • short selling • subprime crisis

Analysis

Depression, No—but That Lesson Is Vital

As credit outlook deteriorates, most important word is 'trust'

Oct 1, 08 4:20 PM CDT
(Newser) - Constant references to the Great Depression aren’t alarmist, but the analogy isn't perfect, either, writes David Leonhardt in the New York Times. "The basic mechanics of how the economy might fall into a severe recession look quite similar to those that caused the Depression," he... More »

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credit market • financial sector • subprime crisis • bank failure • economy • Great Depression • financial crisis

 How to Protect Your Money 

Insured accounts best bet as Wall Street tumbles

Sep 30, 08 2:56 AM CDT
(Newser) - After the biggest single-day's loss in Wall Street's history, even Americans whose sole investment is a bank account are nervously scratching their heads. Here are some guidelines to the failed-bailout crisis from the New York Times:
  • What happens next? The market's deep dive may scare Congress into passing
... More »

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Wall Street • FDIC • subprime crisis • bailout • credit market chaos • financial crisis

(Newser) - The failure of the bailout bill to clear the House has American consumers checking their retirement accounts, their wallets, and even their mattresses as they grapple with the implications of the worsening financial situation. With falling oil prices seemingly the only silver lining for the average consumer, MSNBC offers some... More »

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FDIC • subprime crisis • bailout • credit market chaos • financial crisis • money-market funds

analysis

What Will Taxpayers Shell
Out for All This?

Some bailouts are more risky, some less—and add up to $1 trillion

Sep 28, 08 1:44 PM CDT
(Newser) - If a $700 billion federal bailout sounds like a lot, it is—but Washington will actually shell out $1 trillion in all of its present and proposed plans. Between Henry Paulson's plan, and bailouts of Bear Stearns, AIG, and Fannie Mae and Freddie Mac, the Wall Street Journal breaks down... More »

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Ben Bernanke • mortgage • national debt • budget deficit • subprime crisis • taxpayers • bailout • American Insurance Group • financial crisis

 Deal Reached on Bailout 

Bill would address exec salaries, hold equity stake for taxpayers

Sep 28, 08 5:08 AM CDT
(Newser) - Congress and the Bush administration have agreed on a preliminary plan for the $700 billion bailout bill, Washington leaders said after emerging from talks after midnight this morning. Though details need ironing out, “I think we're there,” announced Treasury Secretary Henry Paulson. Work was to continue with a... More »

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Congress • Henry Paulson • compromise • subprime crisis • bailout • bill • financial crisis

OPINION

 Housing Meltdown
 Not a Racial Issue 

Conservative commentators have chosen the wrong scapegoat

Sep 27, 08 4:15 PM CDT
(Newser) - Some conservative commentators have bypassed greedy Wall Street firms, reckless lenders, and a government asleep at the wheel to blame minorities for the credit crisis, Cynthia Tucker observes in the Atlanta Journal-Constitution. This a misguided move for many reasons, she writes. For starters, the affirmative action lending programs they... More »

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subprime mortgages • affirmative action • Neil Cavuto • credit crisis • minorities • subprime crisis

O'Neill on Bush: He Doesn't Get It, and 'It Shows'

Former treasury chief says leaders are acting out of 'panic'

Sep 26, 08 11:50 AM CDT
(Newser) - Former Treasury chief Paul O'Neill doesn't have a lot of confidence in the ability of his old boss to find a financial solution, ABC News reports. “I don’t think he understands or knows much about any of this and it shows,” O’Neill said of President Bush.... More »

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mortgage backed securities • housing crisis • subprime crisis • bailout • financial crisis • Paul O'Neill

OPINION

 Bailout Needs Bigger 
 Taxpayer Upside 

Public should expect some reward for taking on Wall Street's bad debt

Sep 23, 08 1:00 PM CDT
(Newser) - The impending bailout of beleaguered Wall Street behemoths should give the taxpaying public some protection and accountability, writes EJ Dionne Jr. in the Washington Post. The deal should allow the government to claim a stake in financial firms that make money from the bailout, giving taxpayers the chance to reap... More »

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Wall Street • Henry Paulson • capitalism • credit crisis • Jack Reed • subprime crisis • bailout • financial crisis

 Retirees Hit Hard by Markets 

Their money is in riskier investments these days

Sep 23, 08 10:43 AM CDT
(Newser) - Among those hardest hit by the financial crisis are retirees, and they have less chance to recover than their younger counterparts, the New York Times reports. As companies have abandoned fixed pensions for 410(k)s, retirees can lose large percentages of their wealth in a short period. And low-risk investments, like... More »

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pensions • retirement • retirees • financial markets • subprime crisis • retirement benefits • financial crisis

Wrangle Over $700B Bailout Heats Up

Lawmakers seek pay caps, homeowner help, as doubts mount

Sep 23, 08 6:58 AM CDT
(Newser) - Congress and the Bush administration are edging closer to an agreement on a bailout for financial firms—but several major sticking points remain, the New York Times reports. Progress has been made on oversight for the $700-billion fund, but lawmakers are pushing for taxpayers to get an equity stake in... More »

MORE ABOUT:
Congress • Ben Bernanke • Federal Reserve • US economy • credit crisis • John Paulson • subprime crisis • Senate Banking Committee • bailout • financial crisis

ANALYSIS

Time to Punish Someone
for Economic Disaster

Bailout package should penalize those who brought down system, say experts

Sep 23, 08 2:25 AM CDT
(Newser) - Economists mostly agree that the financial situation is so dire that a bailout is needed, but many are skeptical about the one proposed. One of the biggest problems is the lack of punitive measures against the reckless, fat-salaried financial bosses who created the mess in the first place, experts tell... More »

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executive compensation • Henry Paulson • Treasury Department • credit crisis • subprime crisis • bailout • financial crisis

Main Street Skeptics Slam Bailout Scheme

Many doubt their tax dollars should cover Wall Street's 'greed'

Sep 22, 08 10:40 AM CDT
(Newser) - While Wall Street stands to gain in the federal bailout, many on Main Street are deeply skeptical, the Washington Post finds in a heavily foreclosed-upon Virginia community. “I've been financially responsible with my own money. Why should I now be responsible for the fact that you were not?” wonders... More »

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taxes • US economy • subprime crisis • bailout • George W. Bush • Main Street • financial crisis

Dems Bristle Over 'Blank Check' Bailout

Lawmakers vow not to rush bill like Sept. 11 legislation

Sep 21, 08 7:33 PM CDT
(Newser) - Democratic lawmakers showed concern today over a proposed $700 billion bailout plan that Barack Obama called a "blank check," Politico reports. Sen. Patrick Leahy vowed not to repeat their post-Sept. 11 mistake—of rushing legislation that President Bush used to justify wiretapping—while others said voters may see... More »

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Nancy Pelosi • Barack Obama • Wall Street • Henry Paulson • George HW Bush • subprime crisis • bailout • financial crisis

ANALYSIS

Can Their $700B Rescue
Plan Do the Trick?

Experts say action is needed, but doubt if it will be enough

Sep 21, 08 1:49 PM CDT
(Newser) - Forget white and blue: Uncle Sam is all red these days after swallowing hundreds of billions in bad mortgages and coughing up billions more to save strapped businesses. As the Feds strategize a solution to the mess, experts are unsure if the plan will work and how much it’ll... More »

MORE ABOUT:
Henry Paulson • Washington • Treasury Department • credit • financial institutions • subprime crisis • bailout

Tweaked Bailout Bill Opens Aid to Foreign Banks

Revision is first change sparked by Treasury-Congress talks

Sep 21, 08 11:15 AM CDT
(Newser) - The Treasury Department has amended its bailout bill to include foreign banks, Politico reports, abandoning an earlier requirement that banks be headquartered in the US to receive money. Now, the banks must have “significant operations in the US” or be approved by Henry Paulson—meaning Barclays, Credit Suisse, and... More »

MORE ABOUT:
Henry Paulson • bank • subprime crisis • bailout • bill • financial crisis

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