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How the euro crisis will affect you

Posted by mortgage 6 hours ago (Editorial)
The European financial crisis is poorly understood in the United States.

Frum: Yes, worry about the euro crisis

Posted by mortgage 6 hours ago (Editorial)
The European financial crisis is poorly understood in the United States.
Japan is about to join Europe in the debt crisis ranks, with the two regions offering the best opportunities for investors to bet against, hedge fund manager Kyle Bass said.
The cause of the housing crisis wasn?t the financial industry deceiving mortgage borrowers and investors but instead overly optimistic beliefs about house prices, according to a research paper released by the Boston Fed.
Frontline aired the first two parts of their 4-episode documentary "Money, Power & Wall Street" last night.
ISLIP, N.Y. -- Photographer Spencer Platt spotted the small white house with boarded-up windows and doors a couple months ago, when he was out here on Long Island covering a foreclosure-prevention event. He snapped a few shots and moved on.
WASHINGTON (MarketWatch) - Subprime mortgages and the housing bubble were the trigger while high leverage, unstable funding and deficient risk management and supervision were the vulnerabilities that led to the financial crisis, Federal Reserve Chairman Ben Bernanke said Friday. Bernanke, speaking in New York at a conference about perspectives of the crisis, didn't address monetary policy ...
Subprime mortgages and the housing bubble were the trigger while high leverage, unstable funding and deficient risk management and supervision were the vulnerabilities that led to the financial crisis, Federal Reserve chief Ben Bernanke says.

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