Subprime

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- More funny money on Wall Street
  Posted by SoxFirst
  Goldman Sachs is the bank holding the biggest amount of “funny money assets as the subprime crisis goes from bad to worse.
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- Wall Street to be hit by a Level Three Storm
  Posted by SoxFirst
  We are about to find out how much toxic waste is on the balance sheets of the big banks with a new American accounting rule SFAS157 that goes into effect on November 15 . It will force banks to rate their assets according to how liquid they are.
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- Interview with David Rosenthal, md of Curtis-Rosenthal on subprime
  Posted by SoxFirst
  Will the Fed’s cut of half a percentage point help the market? Here’s an interview with an expert who says the subprime mess continue for another three to six months.
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- The social toll of the US home mortgage crisis
  Posted by Sandyenglish
  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.
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- Subprime meddling
  Posted by SoxFirst
  Senator Chuck Schumer's attempt to lean on the Big Four accounting firms about taking a less rigorous approach to mortgage accounting standards so that their clients can renegotiate bad loans. Now, auditors are supposed to be independent gatekeepers and politicians should not be putting them under any pressure.
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- Subprime woes worse than terrorism
  Posted by SoxFirst
  Subprime trouble is now ranked as a bigger threat than terrorism.
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- The subprime meltdown and the ratings agencies
  Posted by SoxFirst
  In the fallout of the subprime debacle, the blame game has started and the ratings agencies are coming under plenty of fire with the European Commission now looking at whether they should be regulated.
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SoxFirst
Member since Sep 2008
Leon Gettler is a blogger and senior business journalist at The Age, specializing on management issues. His latest book, Organisations Behaving Badly focuses on the forces that lead smart executives into making dumb decisions.
Melbourne

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Subprime

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