Category Credit crisis

With the ferocious rebound/Sucker’s Rally [Tuesday] and a less-bad ADP employment number [Wednesday], it looks like we may make it into late spring or early summer before the markets threaten to tank again. I’ve said this before, but want to…

Adam Curry mentioned on a recent podcast he’d seen humorous lyrics circulating to the tune of “Bohemian Rhapsody” about the current financial market maladies. He sent them to a friend, Geoff Smith, who put it to song. Option Monster now…

UBS announced a $11.9 bn loss today. Lehman said they’d managed to raise $4 bn in new capital to prop themselves up. Ordinary rational folks might think this would be construed as being seriously bad news, but not Wall Street,…

A bold new plan from the federal government proposes to end the mortgage crisis and provide extra troops for the wars in Iraq and Afghanistan at the same time. Homeowners whose mortgages have reset to higher interest rates can now…

A pay day loan is typically for a few hundred dollars, with a term of two weeks, and an interest rate as high as 800 percent. The average borrower ends up paying back $793 for a $325 loan, according to…