Archive for June, 2010


The agency that manages China’s stockpile of dollars and euros is gradually unveiling a new investment strategy, Caixin Online reports.


BOSTON (MarketWatch) — Massachusetts Attorney General Martha Coakley’s office on Thursday announced a 2 million settlement with Morgan Stanley , according to reports. Earlier Thursday, Coakley’s office said it would announce a settlement with “a large national investment bank resolving allegations that it financed and securitized unfair residential loans that contributed to the housing crash [...]


House and Senate negotiators agree to create a strong and independent consumer protection bureau as part of sweeping financial regulatory reform legislation.

Find more subprime information from Google

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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