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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: financial meltdown

financial meltdown stories: 26 news summaries

21 - 26 of 26 Stories | << Prev 1 2

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Clinton Housing Chief Paved the Way for Risky Loans

How American Dream Became Economic Nightmare

Oct 19, 08 11:27 AM CDT
(Newser) - The top housing chief of the Clinton administration helped launch a major financing wave that transformed the American dream of homeownership into reality for thousands of people—whether they could afford it or not, reports the New York Times. From his post, Henry Cisneros loosened mortgage restrictions for first-time buyers,... More »

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White House • Bill Clinton • foreclosure • mortgage • housing • Department of Housing and Urban Development • financial crisis • financial meltdown • Henry Cisneros

ANALYSIS

In Financial Crisis, Europe Leads the Way (for a Change)

Investment in banks proved better strategy than mortgage bailout

Oct 19, 08 8:08 AM CDT
(Newser) - The US has long considered Europe to be the economic equivalent of a doddering old uncle, but this week it was oldster leading whippersnapper America by the hand through the most serious crisis since the Depression. Europe, seeing the need for a sturdier fix than the mortgage-bailout Band-aid Washington proposed,... More »

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European Union • Europe • Gordon Brown • investment • bailout • banks • financial crisis • financial meltdown

(AP) - President Bush this morning confirmed the government's $250 billion plan to buy shares in banks, in the latest move to calm the turmoil in the financial markets and stave off a deep recession. Speaking from the Rose Garden after an early-morning meeting with economic advisers, Bush said the move will... More »

MORE ABOUT:
Henry Paulson • financial markets • bailout • George W. Bush • financial crisis • Wall Street bailout • financial meltdown

analysis

 Paulson Can't Sack AIG Execs 


Oct 10, 08 6:58 PM CDT
(Newser) - Barack Obama is probably far from alone in wanting the heads of AIG execs who staged a $440,000 employee spa retreat just after the government's bailout of the company. The question is, does Treasury Secretary Henry Paulson have the authority to can the wayward execs? Nope, explains Juliet Lapidos... More »

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Henry Paulson • recession • AIG • Treasury Department • bailout • Treasury secretary • financial crisis • financial meltdown

(Newser) - Under the shadow of the deteriorating global economy, the US is considering two more steps to assuage markets, the Wall Street Journal reports: guaranteeing billions in bank debt and insuring all US bank deposits. Either move is an aggressive step, and in tandem they would mark Wasington's largest intervention yet... More »

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markets • global market • credit crisis • Alistair Darling • bailout • banks • financial crisis • financial meltdown

No More Bling? Even the
Jet Set Feels the Pinch

Luxury execs are sitting tight for the most part, while jet set wonders what's appropriate

Oct 9, 08 7:04 PM CDT
(Newser) - Not even the super-rich are immune to the present crisis, prompting Christina Binkley to wonder in the Wall Street Journal: "Is this the end of bling?" In a word, maybe. The world, of course, will always have rich people, but they may not want to flaunt it as much... More »

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consumer spending • luxury goods • credit crisis • holiday shopping • bling • retailers • financial meltdown • jet set

21 - 26 of 26 Stories | << Prev 1 2


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