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Posts Tagged ‘Crisis’

Government fights midlife crisis, seven-year itch

May 21st, 2011 admin Comments off

The romance between voters and the Congress-led United Progressive Alliance (UPA) appears strained – by an unusual coalition of a midlife crisis and a seven-year itch. Varghese K George reports.

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Technology bubble is a risk as crisis ebbs, says economist

May 21st, 2011 admin Comments off

Former U.S. Treasury Secretary Lawrence Summers said there’s a rising concern that technology stocks are in a bubble as investors shake off their apprehension from the 2007-2009 American mortgage and credit collapse.

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Fischer warns on US-style mortgage crisis

May 3rd, 2011 admin Comments off

The Bank of Israel Governor said, “It’s enough for 0.5% of borrowers to become insolvent and banks will begin to lose money.”

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Report: ‘Financial Snake Pit’ Helped Spur Crisis

April 14th, 2011 admin Comments off

Documents unveiled by Sens. Carl Levin and Tom Coburn show, they believe, that Goldman Sachs bet against the mortgage market in an effort to profit when the market went south. The lawmakers contend that Goldman was designing, marketing and selling mortgage-backed securities such as Timberwolf that created conflicts of interests with the investment giant’s clients because the firm would profit when the risky loans went sour, while the clients — unaware that Goldman was betting against the same loans — would suffer substantial losses.

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Inflation headwinds batter rising India

April 14th, 2011 admin Comments off

Rewind to 1991 and you see India buried under an acute debt crisis that forces the nation to mortgage its gold reserves to pay for imports.

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What would the founders do?: Oceans of red ink and partisan brinksmanship

April 10th, 2011 admin Comments off

What would the founders do about America’s looming debt crisis?

First, they would have to learn the word “trillion.” The first loan to the U.S. Treasury, under the new constitution in September 1789, was for $20,000, drawn on the Bank of New York (it was to help the new federal …

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Mortgage crisis lessons in Charlotte, N.C.

March 27th, 2011 admin Comments off

There’s only one way in to Windy Ridge – across freight train tracks that zipper up the subdivision on three sides. Living room windows offer views of a cardboard box factory and a Pepsi bottling plant. It’s an unlikely…

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US Treasury sells mortgage assets

March 22nd, 2011 admin Comments off

The US Treasury says it will start selling off $142bn worth of mortgage-backed securities that it bought during the financial crisis.

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US Treasury in $142bn sale of crisis securities

March 21st, 2011 admin Comments off

The US Treasury will sell a $142bn portfolio of mortgage-backed securities acquired during the financial crisis, in the latest withdrawal from government market intervention

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Soaring home prices may spark crisis

March 10th, 2011 admin Comments off

BOOMING house prices could set off a mortgage crisis in Australia similar to the sub-prime disaster that gripped the US.

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