Category Credit crisis

Eternal perma-bear economist Nouriel Roubini AKA Dr. Doom says the US is probably in irreversible decline. While he’s usually gloomy, he’s been quite accurate (and early) in predictions about economic matters, especially on the impact of subprime. But do his…

So says billionaire LBO specialist Wilbur Ross. This is probably a real good time to not have over the insured amount (generally $100,000) in any bank, especially not in a small bank. The FDIC quite rightfully says no one has…

The charities are suing investments banks for leading them into risky “investments” like CDOs yet, in a burst of spurious logic, claiming the loans aren’t impaired because they haven’t written them down yet. Here’s a tip for the banks I…

First was subprime, Alt-A is about to explode, but the really nasty shrapnel could be from Option ARMS, as ClusterStock explains. But when house prices are falling and refinancing is difficult, as is now the case, the option ARM is…

I had to read that 17% number several times to make sure I had it right. More than 750,000 homes foreclosed homes are for sale now. One plan is to bundle them to deep pocket long-term investors at big discounts.…