Tag Archives: mbia

Still Looking For Culprits In The Financial Crash Of 2008

The biggest culprits of the financial crash of 2008 were the politicians who forced lenders to lower lending standards and forced banks to open branches in areas where they did not want to do business and to lend to people … Continue reading

Posted in Banks, mortgage, Politics | Tagged , , , , , | Comments Off on Still Looking For Culprits In The Financial Crash Of 2008

Fight Over Troubled Mortgages

Economist Tom Sowell places most of the blame for the housing crisis on government policy, but even he says some of the blame goes to the system that gave many an incentive to write a mortgage knowing they could then … Continue reading

Posted in Banks, mortgage | Tagged , , , , , | Comments Off on Fight Over Troubled Mortgages

Mortgage Companies Reveal Bad First Quarter Earnings

At least some people think the worst is over. Mortgage companies have lost billions. The US economy has lost over $200 billion from the subprime mess which has hurt credit markets around the world. Shares in mortgage lenders and insurers … Continue reading

Posted in Stocks | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on Mortgage Companies Reveal Bad First Quarter Earnings

Subprime Crisis Over?

The New York Times reports that Wall Street thinks happy days may be here again. The stock market had a great day today and this means something significant. Stocks started the second quarter with a soaring rally on Tuesday that … Continue reading

Posted in Subprime | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on Subprime Crisis Over?