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Financial Stocks: MasterCard leads steep decline in financial sector

0 Comments Published February 5th, 2010 in News.

MasterCard Inc. shares fell heavily along with the broader financial sector after the credit-card network reported disappointing quarterly earnings and said the U.S. consumer remains under pressure.

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« David Weidner’s Writing on the Wall: What Volcker should tell Wall Street
MarketWatch First Take: Thain and CIT both seek redemption »
This blog discusses subprime mortgage problems. Subprime problems began when lenders offered loans to potential home owners with bad credit or credit / income that did not meet the standards of traditional lending. Subprime mortgages for people with bad credit or no credit face an uncertain future. Once the hope of many to enter into home ownership has now been corrupted both by overreaching consumers and predatory lenders. I hope to follow the aftermath of this crisis.

Mortgage Lender Implode-o-Meter






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