NewsCloud.com Credit News

Small Business Riding Out Perfect Storm of Credit Crunch - Credit Market * US * News * Story - CNBC

The challenges in the credit market from sub-prime real estate impacting small businesses. Everything is connected.

Credit crisis: views from the inside

What impact has the credit crisis had on people working at places like Lehman Brothers? Bloggers tell their story

Lehman Brothers and Merrill Lynch & Co. Inc. Collapse Hard!

Lehman Brothers burdened $60 billion in soured real-estate holdings, filed a Chapter 11
bankruptcy petition in U.S. Bankruptcy Court after attempts to rescue the 158-year-old firm
failed. Bank of America is bailing out Merril Lynch in a $50 billion all-stock transaction.
In addition, Fannie Mae and Freddie Mac have fell hard and so are many other respectable banks.
Yes, even yours. Want to know which banks are falling as we speak and discover how to get your
money out of these banks, fast? Great. There's a website that will give you a pdf of all the banks
that are falling. Good luck.

The credit crunch - worst still ahead

The credit crunch is not over and the worst is still to come, according to a new survey

RBS issues global stock and credit crash alert - Telegraph

The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks.

Missing analysts

The credit crunch has exposed how inaccurate analysts are. Their figures are the worst ever

Subprime explained - crunch time glossary

Credit crunch? Credit default swaps? Honeymoon loans? NINJA loans? Negative pledge? The subprime crisis is upon us and investors are confronted with jargon designed to baffle and keep them in the dark. Here is a glossary of key terms you'll need to know to keep ahead of the game

The social toll of the US home mortgage crisis

Home foreclosures in the US have reached near-epidemic scope and scale. In Detroit, there was one foreclosure filing for every 97 households in July alone, according to RealtyTrac.com, the largest database of foreclosed properties.

Fed moves to halt market meltdown

If a week is a long time in politics, then two days in the financial markets can be even longer. Last Wednesday, William Poole, president of the St Louis Federal Reserve Bank, told Bloomberg TV that the subprime mortgage rout did not threaten US economic growth and that only a calamity would justify an interest rate cut.

The virtual moneylender

If they succeed, "person-to-person" lending sites like Prosper -- competitors are coming online soon -- could upend the credit industry, bringing transparency and fairness to a market not known for either. Prosper, which manages the loan, takes a small cut of the deal. (Borrowers pay 1 percent of each loan and lenders pay .5 percent on the money owed to them.)