Three regulators rang warning bells on the subprime financial crisis ? at the right time, in the right places, and loud enough for other banking and financial system overseers. All three were women. All three were ignored.
Published News » Subprime Mortgage Crisis
Big shots just scoffed at women?s warnings
Posted by mortgage 121 days ago (Editorial)
US to Charge ex-Suisse Traders on Subprimes: Sources
Posted by mortgage 113 days ago (Editorial)
US authorities are preparing to charge four former Credit Suisse employees with criminal and civil fraud related to write-downs on subprime mortgage derivatives at the height of the financial crisis, sources familiar with the matter said.
How the National Mortgage Settlement Will Impact Communities of Color
Posted by mortgage 51 days ago (Editorial)
OAKLAND, Calif. -- The Insight Center for Community and Economic Development's Closing the Racial Wealth Gap Initiative will host a webinar on Wednesday, April 4, 2012 on how the national mortgage settlement ...
Foreign Banks Stock Update ? March 2012 - Industry Outlook
Posted by mortgage 82 days ago (Editorial)
Foreign banks have been facing difficulties non-stop since the latest financial crisis, which triggered off as a credit issue in the subprime enclave of the U.S. mortgage market in mid-2007,
Where The Jobs Will (And Won't) Be In 2012
Posted by mortgage 134 days ago (Editorial)
Though Florida was hard hit by the 2008 subprime mortgage crisis, and unemployment in the state sits 1.5% above the national average at 10.1%, in the first quarter of 2012, employers in two of Florida's metropolitan areas are planning to increase their workforces at a rate that outpaces every other metro area in the country, ...
SEC charges 3 former Thornburg executives with fraud
Posted by mortgage 71 days ago (Editorial)
In February 2008, as the mortgage meltdown was creating a crisis at Thornburg Mortgage, the chief executive of the big lender wrote an e-mail explaining how he hoped to keep the trouble under wraps, the Securities and Exchange Commission said. Read full article >>
Ticking time bomb: Credit default swaps
Posted by mortgage 141 days ago (Editorial)
Warren Buffett once famously described credit default swaps as "financial weapons of mass destruction." Now these complex insurance policies are once again posing a menace to America's too-big-to-fail banks. The last time around, CDS on U.S. subprime mortgage bonds nearly brought down insurer AIG (AIG), requiring an $85 billion bailout from the U.S. Treasury. This time, the problem is European ..
Slow but steady grows the Florida economy
Posted by mortgage 7 days ago (Editorial)
The recession and the subprime mortgage crisis hit Florida with hurricane force, leaving a wake of home foreclosures and more than 10 percent unemployment at its peak. Four years later, the state still works hard to build back its economic strength.
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