Financial Crisis 101

The economy: Multiple crises, no single solution

Tue, 17 Feb 2009 11:15:32 PST

President Obama is traveling today to Denver, where he is set to sign the $787-billion stimulus package, a down payment on the new administration's plan to jump start a...

Who’s to Blame?

Sat, 01 Nov 2008 23:15:25 PDT

Unbridled greed led Wall Street executives to behave recklessly.When President Bush took office, the subprime lending market was in its infancy, and most borrowers got...

AMERICA'S MONEY CRISIS

Thu, 16 Oct 2008 23:34:44 PDT

Store vacancies at regional malls such as Randall Park are up 6.6%, which is the largest increase since early 2002, according to real estate research firm Reis. In some...

Global financial crisis of September–October 2008

Thu, 16 Oct 2008 22:23:33 PDT

The global financial crisis of September–October 2008 is a major ongoing financial crisis, the worst of its kind since the Great Depression. It became prominently visible...

The Subprime Crisis: A Knowledge@Wharton Special Report

Tue, 07 Oct 2008 10:14:48 PDT

In this special report, prepared by writer Jeff Brown, Knowledge@Wharton looks at the crisis in depth, asking seven Wharton faculty members what caused it, how the...

Special Report

Mon, 06 Oct 2008 23:41:37 PDT

The credit crunch hitting financial markets and institutions didn't begin overnight. Bloomberg News presents a package of definitive stories, beginning in May 2007, on...

10 of the World’s Most Dramatic Financial Crises, and Their Lessons

Sat, 04 Oct 2008 13:02:31 PDT

Financial crises are consistent in one way, and one way only: They’re far more sexy when your neighbors are wearing them. When you suffer your own, runaway inflation...

Credit Market: Even Scarier than Stocks

Sat, 04 Oct 2008 11:37:47 PDT

The big problem for financial markets is still the credit crunch. So as bad as equities have looked—and during the big Sept. 29 sell-off, they looked pretty bad—the true...

Greenspan Says Markets to Recover as Investors Return (Update1)

Thu, 02 Oct 2008 08:48:34 PDT

Former Federal Reserve Chairman Alan Greenspan said financial markets and the economy will recover ``sooner rather than later'' from the worst turmoil in seven decades....

Financial Crisis 101: How we got here

Sun, 28 Sep 2008 23:02:24 PDT

You’re more likely to check the Weather Channel and the 6 o’clock news than Google Finance or CNBC. And then suddenly there’s a bloody financial crisis with billions and...

The Big Bailout: on 60 Minutes

Sun, 28 Sep 2008 22:11:23 PDT

Bankruptcies, mergers, failures and foreclosures. Wall Street is up, Wall Street is down. Now, a $700,000,000,000 bailout plan aimed to prevent even further damage to the...

Safety Nets In Place For Savers And Investors

Sun, 28 Sep 2008 21:47:40 PDT

Bank and brokerage failures, government bailouts, a sickly mortgage market and sinking stock prices. What’s an investor—or consumer—to do? Amid the turmoil of a...

Analysis: 'We've gotten beyond a normal financial crisis'

Sun, 28 Sep 2008 21:12:34 PDT

Conditions in the loan markets have turned so dire, political leaders say, that only a quick and massive response from the federal government can prevent a historic...

Loose Lending in the USA

Sun, 28 Sep 2008 21:00:03 PDT

* NO INCOME, NO ASSET VERIFICATION (NINA): Pretty self-explanatory; you take the fifth and list no income or assets on the home loan application. Just list your...

Subprime Meltdown

Sun, 28 Sep 2008 20:36:37 PDT

A financial crisis that arose in the mortgage market after a sharp increase in mortgage foreclosures, mainly subprime, collapsed numerous mortgage lenders and hedge...

`Race to Bottom' at Moody's, S&P Secured Subprime's Boom, Bust

Sun, 28 Sep 2008 00:07:54 PDT

In August 2004, Moody's Corp. unveiled a new credit-rating model that Wall Street banks used to sow the seeds of their own demise. The formula allowed securities firms to...

The Giant Pool of Money

Sat, 27 Sep 2008 23:54:03 PDT

A special program about the housing crisis produced in a special collaboration with NPR News. We explain it all to you. What does the housing crisis have to do with the...

Six things you need to know to understand the financial crisis

Sat, 27 Sep 2008 23:45:35 PDT

Financial calamities have come in waves during the past two weeks, each one sending another jolt through the US economy. These daily - sometimes hourly - developments...

Wall Street Executives Scored $3 Billion as Banks Rose and Fell

Fri, 26 Sep 2008 04:30:57 PDT

Wall Street's five biggest firms paid more than $3 billion in the last five years to their top executives, while they presided over the packaging and sale of loans that...

Economists see three fatal pitfalls in the currently proposed plan

Fri, 26 Sep 2008 03:26:05 PDT

As economists, we want to express to Congress our great concern for the plan proposed by Treasury Secretary Paulson to deal with the financial crisis. We are well aware...

Jim Cramer: (The Way We Were): Stock Market 2006

Tue, 26 Dec 2006 17:18:54 PST

This year, the Dow Jones cleared the 12,000 bar for the first time, the Standard & Poor’s 500 climbed to five-year highs, and the city’s unemployment rate hit a 30-year...