Credit Crunch May Affect Accounting
Story date: 2007-10-03 02:18:00
Added on: 2007-10-03 23:00:21
Forbes - Mounting defaults on risky home-mortgage loans to subprime borrowers have rattled investors in mortgage-backed securities, and the anxiety has quickly spread to other sectors, including high-yield junk bonds, debt issued in leveraged buyouts and even ...
Read more...
Related Stories:
-
U.S. Treasury began subprime review in the spring
Reuters - This month, that Treasury-backed alliance presented a plan to freeze mortgage rates for struggling borrowers. In recent months, financial markets...
2007-12-12 09:04:00 -
Subprime bailout: Violation of 5th Amendment (WorldNetDaily)
A subprime lender is one who makes loans to borrowers who do not qualify for loans from mainstream lenders. It's a market...
2008-01-22 10:11:07 -
Wall St climbs on Bush mortgage plan optimism (Reuters via Yahoo! News)
Stocks rose on Friday on optimism a plan by President Bush to help struggling subprime mortgage borrowers avoid foreclosure would help...
2007-08-31 04:06:40 -
US STOCKS-Wall St headed higher before Bush, Bernanke
Reuters - NEW YORK, Aug 31 (Reuters) - U.S. stocks headed for a higher open on Friday as investors drew support from...
2007-08-31 01:08:00 -
New foreclosure plan not cure-all: FDIC chief
Washington Post - Primary and second lien mortgages and home equity loans provided to subprime borrowers with poor credit histories, as well...
2008-02-13 01:18:00 -
Thousands of Subprime Borrowers Seek Financial Relief (Voice of America)
The subprime mortgage crisis in the United States has rattled financial markets around the world. The crisis has triggered home foreclosures across...
2008-03-18 03:21:01 -
Good credit can't protect borrowers from bad loans - CNN Money
Many now troubled borrowers had excellent credit when they got their mortgages. But they took out loans that they couldn't afford to...
2008-04-28 07:20:00 -
Credit Crunch Rattled Wall St. Powerhouses
Washington Post - Wall Street's most important investment banks amassed about $5 billion in losses from bad loans in three months due...
2007-09-20 09:00:00
