subprime mortgage crisis

What seemed like a clear path ahead was upstaged by the health care battle.

If you are a renter or someone who took out a simple 30-year fixed mortgage, it’s not surprising that you might  feel like the mortgage crisis is, well, not exactly your problem. You’re not the one who got into any sort of messy mortgage. What does a subprime loan have to do with you?
But via [...]

At the end of a five-hour excoriation of CEOs at credit-rating agencies, Rep. Chris Shays (R-Conn.) said to the heads of Moody’s, Standard’s & Poor’s and Fitch: “Remember, we’re speaking from an institution, Congress, with lower ratings than yours.”
Congress doesn’t know what its next step will be in regulating Wall Street after the financial meltdown. [...]