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December 2, 2008 10:40:46 PM CST


Greenpoint

Greenpoint news stories

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Countrywide Cuts 500 Jobs

Fallout from subprime crisis continues

(Newser) - The nation's top home lender is cutting 500 jobs in its subprime mortgage units in response to the high-risk-lending mess. Before the cuts announced yesterday, Countrywide was actively hiring workers who had been fired from other companies, the LA Times reports. Meanwhile, Capital One said it will close the unit that made jumbo loans to borrowers without fully documented assets. More »

More about:  subprime mortgages home loans Washington Mutual Countrywide Capital One Greenpoint

Largest Oil Spill in US Seeps Under Brooklyn

Exxon owns up to a century of leaks and dumping over 55 acres

(Newser) - Underneath the ground of Greenpoint, Brooklyn, is a dark blob of gasoline, solvents, and associated poisons that composes the biggest oil spill in US history.  It's accumulated from a century's worth of smaller leaks and waste dumping, reports New York magazine, and ExxonMobil has quietly accepted the blame, but done little to clean it up. More »

More about:  environment cancer New York oil environmentalism real estate ExxonMobil oil spill Brooklyn chemicals waste bone cancer Greenpoint hydrocarbon

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