Q&A: Sub-prime lending

Submitted 8 months ago by stomlin
Q&A: Sub-prime lending
from news.bbc.co.uk
Full Article

Comment from the contributor:

From BBC News --  This March 2007 article foreshadows the impending sub-prime mortgage crisis in the US and the UK, and provides an easy-to-understand overview of the main terms and concerns as they erupt in the public eye.

0 comments
Share
Flag
  • Commentary: Why There's a Crisis -- and How to ...
    Submitted 8 months ago By stomlin
    • Url
    • 0 comments
    • 24 views
    Refresh Page With This Collapse
    Commentary: Why There's a Crisis -- and How to Stop It
    Submitted 8 months ago by stomlin
    %3Ca%20href%3D%22http%3A%2F%2Fwww.cnn.com%2F2008%2FPOLITICS%2F10%2F09%2Fsmick.crisis%2Findex.html%22%20rel%3D%22externals%22%3E%3C%2Fa%3E
    from%20cnn.com
    %3Cp%3EFrom%20CNN%20--%20%20The%20collapse%20of%20the%20U.S.%20housing%20market%20that%20triggered%20the%20current%20global%20financial%20crisis%20was%20made%20worse%20by%20investors%20who%20did%20little%20to%20offset%20their%20own%20risks%20when%20buying%20mortgage-backed%20securities%20at%20unheard-of%20levels.%20%20The%20combination%20of%20defaulted%20mortgages%2C%20risky%20investments%2C%20and%20corporate%20greed%20has%20led%20to%20the%20current%20inquiry%20into%20the%20value%20of%20every%20asset%20in%20the%20world.%3C%2Fp%3E%0A
    %3Ca%20href%3D%22http%3A%2F%2Fwww.cnn.com%2F2008%2FPOLITICS%2F10%2F09%2Fsmick.crisis%2Findex.html%22%20rel%3D%22externals%22%20onclick%3D%22var%20s%3Ds_gi%28s_account%29%3Bvar%20t_title%3D%26quot%3BCommentary%20Why%20There%5C%26%23039%3Bs%20a%20Crisis%20--%20and%20How%20to%20Stop%20It%26quot%3B%3Bs.products%3D%26quot%3B%3B%26quot%3B%2Bt_title%3Bs.events%3D%26quot%3Bevent5%26quot%3B%3Bs.linkTrackVars%3D%26quot%3Bproducts%2Cevents%26quot%3B%3Bs.linkTrackEvents%3D%26quot%3Bevent5%26quot%3B%3Bs.tl%28this%2C%26quot%3Be%26quot%3B%2Ct_title%29%22%3EFull%20Article%20%3C%2Fa%3E
    0 comments
    Share
    Flag
  • Investigate the Worlds Most Powerful Corporations
    Submitted 3 months ago By tpart
    • Url
    • 0 comments
    • 11 views
    Refresh Page With This Collapse
    Investigate the Worlds Most Powerful Corporations
    Submitted 3 months ago by tpart
    %3Ca%20href%3D%22http%3A%2F%2Fwww.crocodyl.org%2F%22%20rel%3D%22externals%22%3E%3Cimg%20src%3D%22%2Fsites%2Fdefault%2Ffiles%2Fphotos%2F30010_investigate_the_worlds_most_powerful_corporations_640x480.jpg%22%20alt%3D%22Investigate%20the%20Worlds%20Most%20Powerful%20Corporations%22%20title%3D%22Investigate%20the%20Worlds%20Most%20Powerful%20Corporations%22%20%20%2F%3E%3C%2Fa%3E
    JSW%20group%20of%20companies%2C%20promoted%20by%20Sajjan%20Jindal%2C%20is%20a%20USD%203.
    %3Cp%3EInvestigate%20the%20worlds%20most%20powerful%20corporations.%3C%2Fp%3E%0A
    %3Ca%20href%3D%22http%3A%2F%2Fwww.crocodyl.org%2F%22%20rel%3D%22externals%22%20onclick%3D%22var%20s%3Ds_gi%28s_account%29%3Bvar%20t_title%3D%26quot%3BInvestigate%20the%20Worlds%20Most%20Powerful%20Corporations%26quot%3B%3Bs.products%3D%26quot%3B%3B%26quot%3B%2Bt_title%3Bs.events%3D%26quot%3Bevent5%26quot%3B%3Bs.linkTrackVars%3D%26quot%3Bproducts%2Cevents%26quot%3B%3Bs.linkTrackEvents%3D%26quot%3Bevent5%26quot%3B%3Bs.tl%28this%2C%26quot%3Be%26quot%3B%2Ct_title%29%22%3EFull%20Article%20%3C%2Fa%3E
    0 comments
    Share
    Flag
  • National Whistleblowers Center - Take Action
    Submitted 3 months ago By participant
    • Url
    • 0 comments
    • 12 views
    Refresh Page With This Collapse
    National Whistleblowers Center - Take Action
    Submitted 3 months ago by participant
    %3Ca%20href%3D%22http%3A%2F%2Fcapwiz.com%2Fwhistleblowers%2Fissues%2Falert%2F%3Falertid%3D12322726%22%20rel%3D%22externals%22%3E%3Cimg%20src%3D%22%2Fsites%2Fdefault%2Ffiles%2Fphotos%2F29950_national_whistleblowers_center_take_action_640x480.jpg%22%20alt%3D%22National%20Whistleblowers%20Center%20-%20Take%20Action%22%20title%3D%22National%20Whistleblowers%20Center%20-%20Take%20Action%22%20%20%2F%3E%3C%2Fa%3E
    Support%20Oversight%20And%20Accountability
    %3Cp%3EJoin%20the%20National%20Whistle%20Blowers%20Association%20and%20tell%20Congress%20to%20pass%20a%20national%20whistleblower%20protection%20act%20that%20would%20protect%20all%20employees.%3Cbr%20%2F%3E%0A%3Ca%20href%3D%22http%3A%2F%2Fwww.takepart.com%2Ftheinformant%22%20rel%3D%22externals%22%3EBack%3C%2Fa%3E%3C%2Fp%3E%0A
    %3Ca%20href%3D%22http%3A%2F%2Fcapwiz.com%2Fwhistleblowers%2Fissues%2Falert%2F%3Falertid%3D12322726%22%20rel%3D%22externals%22%20onclick%3D%22var%20s%3Ds_gi%28s_account%29%3Bvar%20t_title%3D%26quot%3BNational%20Whistleblowers%20Center%20-%20Take%20Action%26quot%3B%3Bs.products%3D%26quot%3B%3B%26quot%3B%2Bt_title%3Bs.events%3D%26quot%3Bevent5%26quot%3B%3Bs.linkTrackVars%3D%26quot%3Bproducts%2Cevents%26quot%3B%3Bs.linkTrackEvents%3D%26quot%3Bevent5%26quot%3B%3Bs.tl%28this%2C%26quot%3Be%26quot%3B%2Ct_title%29%22%3EFull%20Article%20%3C%2Fa%3E
    0 comments
    Share
    Flag
  • Whistleblower Rights
    Submitted 3 months ago By tpart
    • Url
    • 0 comments
    • 16 views
    Refresh Page With This Collapse
    Whistleblower Rights
    Submitted 3 months ago by tpart
    %3Ca%20href%3D%22http%3A%2F%2Fwww.whistleblowers.org%2Findex.php%3Foption%3Dcom_content%26amp%3Btask%3Dview%26amp%3Bid%3D741%26amp%3BItemid%3D161%22%20rel%3D%22externals%22%3E%3C%2Fa%3E
    Non-Profit%20Soapbox%20by%20PICnet%2C%20Inc.
    %3Cp%3EFind%20out%20what%20the%20whistleblower%20rights%20are%20in%20your%20area.%3C%2Fp%3E%0A
    %3Ca%20href%3D%22http%3A%2F%2Fwww.whistleblowers.org%2Findex.php%3Foption%3Dcom_content%26amp%3Btask%3Dview%26amp%3Bid%3D741%26amp%3BItemid%3D161%22%20rel%3D%22externals%22%20onclick%3D%22var%20s%3Ds_gi%28s_account%29%3Bvar%20t_title%3D%26quot%3BWhistleblower%20Rights%26quot%3B%3Bs.products%3D%26quot%3B%3B%26quot%3B%2Bt_title%3Bs.events%3D%26quot%3Bevent5%26quot%3B%3Bs.linkTrackVars%3D%26quot%3Bproducts%2Cevents%26quot%3B%3Bs.linkTrackEvents%3D%26quot%3Bevent5%26quot%3B%3Bs.tl%28this%2C%26quot%3Be%26quot%3B%2Ct_title%29%22%3EFull%20Article%20%3C%2Fa%3E
    0 comments
    Share
    Flag
  • Ralph Nader on the Rise and Fall of Madoff Ralph Nader on the Rise and Fall of Madoff
    Submitted 8 months ago By Alexandria MBeaudry
    • Video
    • 0 comments
    • 12 views
    Refresh Page With This Collapse
    Ralph Nader on the Rise and Fall of Madoff
    Submitted 8 months ago by Alexandria MBeaudry
    %3Cdiv%20class%3D%22article-video-container%22%20id%3D%22video-3757%22%3E%3Cdiv%20class%3D%22swfobject%22%20title%3D%22%7B%27width%27%3A640%2C%27height%27%3A406%2C%27swf%27%3A%27http%3A%5C%2F%5C%2Fwww.youtube.com%5C%2Fv%5C%2FyXxnJj5CxM0%26amp%3Bhl%3Den%26amp%3Bfs%3D1%26showsearch%3D0%27%7D%22%3E%3C%2Fdiv%3E%3C%2Fdiv%3E %3Cp%3EFrom%20%20YouTube%20%20--%20%20Presidential%20candidate%20Ralph%20Nader%20speaks%20about%20Bernard%20Madoff%2C%20corporate%20greed%20and%20regulation.%3C%2Fp%3E%0A
    0 comments
    Share
    Flag
  • The Deal That Fueled Subprime
    Submitted 8 months ago By stomlin
    • Url
    • 0 comments
    • 12 views
    Refresh Page With This Collapse
    The Deal That Fueled Subprime
    Submitted 8 months ago by stomlin
    %3Ca%20href%3D%22http%3A%2F%2Fwww.nytimes.com%2F2009%2F03%2F06%2Fbusiness%2Feconomy%2F06norris.html%22%20rel%3D%22externals%22%3E%3C%2Fa%3E
    from%20nytimes.com
    %3Cp%3EFrom%20The%20New%20York%20Times%20--%20%20The%202002%20merger%20agreement%20for%20HSBC%2C%20an%20international%20bank%20based%20in%20London%2C%20to%20buy%20Household%20International%2C%20the%20largest%20American%20finance%20company%2C%20set%20the%20precedent%20of%20subprime%20lending%20as%20a%20respectable%20practice%20for%20years%20to%20come%2C%20paving%20the%20way%20for%20future%20financial%20crisis.%20%20Household%20had%20a%20history%20of%20%22slightly%20disreputable%22%20business%20practices%2C%20including%20giving%20subprime%20loans%20to%20homeowners%20who%20could%20often%20not%20borrow%20elsewhere.%3Cbr%20%2F%3E%0A%3Cblockquote%3EOn%20Monday%2C%20the%20HSBC%20chief%20Michael%20Geoghegan%20said%3A%20%26ldquo%3BThis%20is%20an%20acquisition%20we%20wish%20we%20had%20not%20undertaken.%26rdquo%3B%3C%2Fblockquote%3E%3C%2Fp%3E%0A%3Cp%3E%3Ca%3E%3C%2Fa%3E%3C%2Fp%3E%0A
    %3Ca%20href%3D%22http%3A%2F%2Fwww.nytimes.com%2F2009%2F03%2F06%2Fbusiness%2Feconomy%2F06norris.html%22%20rel%3D%22externals%22%20onclick%3D%22var%20s%3Ds_gi%28s_account%29%3Bvar%20t_title%3D%26quot%3BThe%20Deal%20That%20Fueled%20Subprime%26quot%3B%3Bs.products%3D%26quot%3B%3B%26quot%3B%2Bt_title%3Bs.events%3D%26quot%3Bevent5%26quot%3B%3Bs.linkTrackVars%3D%26quot%3Bproducts%2Cevents%26quot%3B%3Bs.linkTrackEvents%3D%26quot%3Bevent5%26quot%3B%3Bs.tl%28this%2C%26quot%3Be%26quot%3B%2Ct_title%29%22%3EFull%20Article%20%3C%2Fa%3E
    0 comments
    Share
    Flag
  • The Crisis of Credit Visualized The Crisis of Credit Visualized
    Submitted 8 months ago By stomlin
    • Video
    • 0 comments
    • 30 views
    Refresh Page With This Collapse
    The Crisis of Credit Visualized
    Submitted 8 months ago by stomlin
    %3Cdiv%20class%3D%22article-video-container%22%20id%3D%22video-3176%22%3E%3Cdiv%20class%3D%22swfobject%22%20title%3D%22%7B%27width%27%3A640%2C%27height%27%3A406%2C%27swf%27%3A%27http%3A%5C%2F%5C%2Fvimeo.com%5C%2Fmoogaloop.swf%3Fclip_id%3D3261363%26amp%3Bserver%3Dvimeo.com%26amp%3Bshow_title%3D1%26amp%3Bshow_byline%3D1%26amp%3Bshow_portrait%3D0%26amp%3Bcolor%3D%26amp%3Bfullscreen%3D1%27%7D%22%3E%3C%2Fdiv%3E%3C%2Fdiv%3E %3Cp%3EFrom%20CrisisofCredit.com%20--%20%20This%20short%20film%20by%20Johnathan%20Jarvis%20uses%20motion%20typography%20and%20animation%20to%20explain%20the%20global%20financial%20crisis%20and%20how%20it%20started.%20%20A%20great%20way%20to%20visualize%20how%20the%20bursting%20of%20the%20housing%20bubble%20led%20to%20economic%20woes%20for%20homeowners%2C%20lenders%2C%20and%20investors%20alike.%26nbsp%3B%20From%20the%20dot-com%20bubble%20to%20mortgage%20backed%20securities%2C%20this%20video%20covers%20it%20all.%3Cbr%20%2F%3E%0A%26nbsp%3B%3Cbr%20%2F%3E%0AThis%20is%20a%20must%20see%20for%20understanding%20the%20global%20financial%20crisis.%3Cbr%20%2F%3E%0A%26nbsp%3B%3Cbr%20%2F%3E%0AFor%20more%20help%20understanding%20%3Ca%20href%3D%22http%3A%2F%2Fwww.takepart.com%2Furl%2Fcredit-default-swaps-explained%2F26237%22%20rel%3D%22externals%22%3ECredit%20Default%20Swaps%3C%2Fa%3E%2C%20get%20the%20low%20down%20from%20Economics%20Help.%3Cbr%20%2F%3E%0A%26nbsp%3B%3Cbr%20%2F%3E%0AAnd%20don%27t%20forget%20to%20learn%20about%20%3Ca%20href%3D%22http%3A%2F%2Fwww.takepart.com%2Furl%2Fwhy-a-us-subprime-mortgage-crisis-is-felt-around-the-world%2F26147%22%20rel%3D%22externals%22%3E%3Ca%20href%3D%22http%3A%2F%2Fwww.takepart.com%2Furl%2Fwhy-a-us-subprime-mortgage-crisis-is-felt-around-the-world%2F26147%22%3ECollateralized%20Debt%20Obligations%3C%2Fa%3E%3C%2Fa%3E.%3C%2Fp%3E%0A
    0 comments
    Share
    Flag
  • Ending Homelessness, Part 1, UCLA Ending Homelessness, Part 1, UCLA
    Submitted 7 months ago By Anonymous
    • Video
    • 0 comments
    • 10 views
    Refresh Page With This Collapse
    Ending Homelessness, Part 1, UCLA
    Submitted 7 months ago by Anonymous
    %3Cdiv%20class%3D%22article-video-container%22%20id%3D%22video-8043%22%3E%3Cdiv%20class%3D%22swfobject%22%20title%3D%22%7B%27width%27%3A640%2C%27height%27%3A406%2C%27swf%27%3A%27http%3A%5C%2F%5C%2Fwww.youtube.com%5C%2Fv%5C%2FEbS-VrhE09o%26amp%3Bhl%3Den%26amp%3Bfs%3D1%26showsearch%3D0%27%7D%22%3E%3C%2Fdiv%3E%3C%2Fdiv%3E %3Cp%3EFrom%20UCLA%20%20%28You%20Tube%29%20--%20%20This%20is%20one%20of%20two%20parts%20to%20a%20report%20on%20the%20effects%20of%20homelessness%20and%20social%20reform.%20It%20contains%20interviews%20with%20people%20who%20are%20living%20in%20homeless%20shelters%20and%20how%20the%20government%20is%20providing%20housing%20and%20welfare.%20It%20explains%20the%20effects%20it%20has%20on%20the%20community.%3C%2Fp%3E%0A
    0 comments
    Share
    Flag
  • Your Retirement
    Submitted 8 months ago By stomlin
    • Url
    • 0 comments
    • 1 view
    Refresh Page With This Collapse
    • 1 view
    Your Retirement
    Submitted 8 months ago by stomlin
    %3Ca%20href%3D%22http%3A%2F%2Fmoney.cnn.com%2F2008%2F10%2F08%2Fpf%2Fmoney_crisis.moneymag%2Findex9.htm%22%20rel%3D%22externals%22%3E%3C%2Fa%3E
    from%20money.cnn.com
    %3Cp%3EFrom%20CNN%20Money%20--%20%20Retirement%20worries%20have%20increased%20as%20the%20result%20of%20the%20sharply%20declining%20stock%20market.%20%20But%20history%20shows%20that%20it%20might%20not%20be%20as%20bad%20as%20it%20seems--%20according%20to%20Standard%20%26amp%3B%20Poor%27s%20Equity%20Research%2C%20you%20could%20make%20up%20to%2080%25%20of%20your%20losses%20back%20in%20the%20first%20year%20of%20recovery.%3Cbr%20%2F%3E%0A%3Cblockquote%3E%26%23147%3B%26nbsp%3BWhat%20if%20you%20don%27t%20want%20to%20-%20or%20can%27t%20-%20work%20longer%3F%20You%20still%20have%20an%20option%3A%20spend%20less.%26nbsp%3B%26%23148%3B%3C%2Fblockquote%3E%3C%2Fp%3E%0A%3Cp%3E%26nbsp%3B%3C%2Fp%3E%0A
    %3Ca%20href%3D%22http%3A%2F%2Fmoney.cnn.com%2F2008%2F10%2F08%2Fpf%2Fmoney_crisis.moneymag%2Findex9.htm%22%20rel%3D%22externals%22%20onclick%3D%22var%20s%3Ds_gi%28s_account%29%3Bvar%20t_title%3D%26quot%3BYour%20Retirement%20%26quot%3B%3Bs.products%3D%26quot%3B%3B%26quot%3B%2Bt_title%3Bs.events%3D%26quot%3Bevent5%26quot%3B%3Bs.linkTrackVars%3D%26quot%3Bproducts%2Cevents%26quot%3B%3Bs.linkTrackEvents%3D%26quot%3Bevent5%26quot%3B%3Bs.tl%28this%2C%26quot%3Be%26quot%3B%2Ct_title%29%22%3EFull%20Article%20%3C%2Fa%3E
    0 comments
    Share
    Flag
  • U.S. regulators ignored red flags on risk: GAO
    Submitted 7 months ago By bnasta
    • Url
    • 0 comments
    • 5 views
    Refresh Page With This Collapse
    U.S. regulators ignored red flags on risk: GAO
    Submitted 7 months ago by bnasta
    %3Ca%20href%3D%22http%3A%2F%2Fwww.reuters.com%2Farticle%2FpoliticsNews%2FidUSN1849242020090318%22%20rel%3D%22externals%22%3E%3C%2Fa%3E
    from%20reuters.com
    %3Cp%3EFrom%20Reuters%20--%20%20A%20new%20report%20from%20the%20Government%20Accountability%20Office%20says%20the%20myriad%20of%20governmental%20financial%20regulatory%20agencies%20failed%20to%20heed%20red%20flags%20and%20take%20a%20big-picture%20risk%20assessment%20in%20the%20current%20economic%20crisis.%20Policymakers%20are%20considering%20giving%20increased%20authority%20to%20one%20regulator.%3C%2Fp%3E%0A%3Cp%3E%22A%20slew%20of%20regulators%20with%20differing%20responsibilities%2C%20including%20the%20Federal%20Reserve%2C%20the%20Securities%20and%20Exchange%20Commission%2C%20the%20Federal%20Deposit%20Insurance%20Corp%20and%20several%20others%2C%20in%20some%20cases%20did%20identify%20risk%20but%20did%20not%20act%20on%20it%2C%20the%20report%20said.%22%3C%2Fp%3E%0A
    %3Ca%20href%3D%22http%3A%2F%2Fwww.reuters.com%2Farticle%2FpoliticsNews%2FidUSN1849242020090318%22%20rel%3D%22externals%22%20onclick%3D%22var%20s%3Ds_gi%28s_account%29%3Bvar%20t_title%3D%26quot%3BU.S.%20regulators%20ignored%20red%20flags%20on%20risk%20GAO%26quot%3B%3Bs.products%3D%26quot%3B%3B%26quot%3B%2Bt_title%3Bs.events%3D%26quot%3Bevent5%26quot%3B%3Bs.linkTrackVars%3D%26quot%3Bproducts%2Cevents%26quot%3B%3Bs.linkTrackEvents%3D%26quot%3Bevent5%26quot%3B%3Bs.tl%28this%2C%26quot%3Be%26quot%3B%2Ct_title%29%22%3EFull%20Article%20%3C%2Fa%3E
    0 comments
    Share
    Flag
More results: