SubprimeMeltdown News

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Goldman Gives Democrats Momentum on Reform

(April 19) -- Every good political fight needs a villain. In its push to reform financial regulation, the Obama administration now has one in Goldman Sachs. Three days after the Securities and Exchange Commission accused Goldman of securities fraud linked to the financial crisis, the White House announced Monday that...

US Housing Markets Facing Epic Hangover, Study Says

(April 18) -- The housing crash that helped bring on the worst recession since the Great Depression will linger in the nation's hardest-hit real estate markets until 2025 -- or later. Nearly a full generation will pass before major metro areas in Arizona, California, Florida and Nevada return to the solid ground reached...

WaMu Raps Before Market Collapses: 'I Like Big Bucks'

(April 14) -- Sir Mix-A-Lot never could have predicted this. Two years before the 2008 collapse of Washington Mutual -- the biggest bank failure in U.S. history -- WaMu lenders at a retreat in Hawaii revamped the rapper's bawdy 1992 hit "Baby Got Back" into a banker-appropriate rap they titled "I Like Big Bucks." The...

Greenspan and the Economic Blame Game

(April 7) -- Who to blame and what to change? The tornado of economic arguments swirling around Washington these days addresses both failures that led to the recent financial crisis and the legislating of new rules aimed at preventing the next one. It shouldn't be surprising that a dominant player in all things economic...

Fight Over Finance Oversight Gets Hotter

(Dec. 2) - The fight to tame U.S. oversight of banks and Wall Street heated up Wednesday and now looks likely to dominate this week's hearing on the renomination of Federal Reserve Chairman Ben Bernanke. The House Financial Services Committee voted 31-27 along party lines to send an overhaul of financial regulation to the...