Credit crisis reveals US` secret financial market
Zee News - The credit squeeze was triggered by a sharp rise in subprime mortgage defaults, or home loans granted to Americans with poor credit, because banks had bundled and resold subprime loans to other parties.
Career Calendar
Minneapolis Star Tribune - MONDAY, MARCH 17 Employment U series 2: r sum part 2. 8:30 a.m. to 12:30 p.m., 1200 Plymouth Av. Mystery player in the spotlight Is Wall Street close to a bottom? Municipal bond funds feel the crunch Walking away with poor credit
Greenspan speaks out
Reuters TV Video - Alan Greenspan speaking in Washington D.C said that the unusually high degree of risk taking across asset classes made recent financial market turmoil all but inevitable.Defaults on subprime loans, made to borrowers with poor credit records, have
Bear Stearns, JPMorgan Close to Deal
ABC News - Reports say Merrill Lynch seized collateral from a Bear Stearns hedge fund invested heavily in subprime loans those made to people with poor credit.
US opens probe into Countrywide Financial: report
Raw Story - Subprime loans were granted to customers with poor credit during a housing boom that ran out of steam in late 2005. The loans have experienced high default rates, partly as the interest rates on some subprime loans have reset to higher rates. The