Tag Archives: national housing

Information Deficit Fueled Wall Street Meltdown

From the Sacramento Bee: The absence of information prevents the markets from valuing so-called mortgage-backed securities – a failure which, in a vicious cycle, forces banks to write down the securities’ value on their balance sheets, resulting in huge losses … Continue reading

Posted in Journalism, wall street | Tagged , , , , , | Comments Off on Information Deficit Fueled Wall Street Meltdown

Churches Going To Work On The Mortgage Mess

The AP reports: Embracing the religious tradition of helping the poor, pastors around the nation are doubling as financial shepherds for their mortgage-distressed flocks. In response to the crisis, 10 churches in Brooklyn and Queens have offered workshops this year … Continue reading

Posted in Articles | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on Churches Going To Work On The Mortgage Mess