If you feel like you’re trying to muddle through absorbing and understanding what happened on Wall Street, and why we are in the mess we’re in, this short video from the Financial Times might help clear things up.
Investment editor John Authers traces many of today’s problems back to More…
As Ari Melber and Matt DeLong have reported on our site, both presidential candidates are keeping up their war of words over Wall Street’s financial crisis and the state of the nation’s economy. You might think that things have changed a lot since last week, when I More…
In Michigan today, Sen. Joe Biden, the Democratic vice-presidential nominee, seized on Sen. John McCain’s odd claim that the fundamentals of the American economy remain strong.
After Fannie, Freddie, Lehman and a market dive to start the week, few would describe the economy as strong. Biden hit this point to More…
As the presidential campaign turns nastier by the minute, soaking up most of the public’s attention, it’s easy to overlook the other battle out there: the waning days of a long fight by payday lenders to bring respect to an industry that charges people in desperate circumstances 400 percent interest More…
The credit crunch is hitting people right where it hurts: More consumers are paying their credit card bills late, and credit card companies are becoming increasingly aggressive about going after their money, The Wall Street Journal says today.
The percentage of credit card delinquencies rose in the first quarter More…
As the presidential campaign heats up, the candidates are sure to intensify their differences on national security, the Iraq war and tax relief for the middle class, and they’ll no doubt tear into each other’s positions during the coming debates. But, based on the contest so far, don’t look for More…
So far it looks like shareholders, employees and, of course, taxpayers are the big losers in the unprecedented Fannie Mae and Freddie Mac government bailout just announced over the weekend.
But some people are going to come out of this mess just fine, The New York Times says. More…
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