Second Wave of Mortgage Defaults

http://www.brasschecktv.com/page/705.html

No More Dough, Transparency

http://action.firedoglake.com/page/s/Transparency

Jon Stewart video re: CNBC

http://www.huffingtonpost.com/2009/03/05/jon-stewart-eviscerates-c_n_172057.html

No Tough Love for Wall Street

http://www.truthout.org/021109S

We Get the Bill

http://www.thenation.com/blogs/notion/356921

Who Is to Blame?

http://news.bbc.co.uk/2/hi/business/7525724.stm

We Are Wile E Coyote

http://allalongtheedge.blogspot.com/2008/07/kunstler-whew-man-can-write.html

IndyMac Goes Bust, CA

Key US mortgage lender goes bust
One of the largest mortgage lenders in the US, the California-based IndyMac Bank, collapses amid a growing credit crisis.
http://news.bbc.co.uk/go/em/-/2/hi/business/7503109.stm

Mortgage Fraud, Cuba, More War $ from Dems

FBI holds 406 for mortgage fraud *The FBI says it has arrested 406property market players as part of a crackdown on mortgage fraud.
http://news.bbc.co.uk/go/em/-/2/hi/business/7464298.stm

EU to lift sanctions against Cuba *The European Union is to lift sanctions on Cuba it imposed in 2003 in protest at the jailing of dissidents.
http://news.bbc.co.uk/go/em/-/2/hi/americas/7463803.stm

US House approves war funds bill *The Democrat-held US House of Representatives approves $162bn to pay for another year of fighting in Iraq and Afghanistan.
http://news.bbc.co.uk/go/em/-/2/hi/americas/7464911.stm

More Sub-prime Woes

UBS doubles sub-prime writedowns
UBS unveils a further $19bn of writedowns linked to the sub-prime crisis, taking total writedowns to $37bn.
http://news.bbc.co.uk/go/em/-/2/hi/business/7323809.stm

Krugman on Bailouts

http://www.nytimes.com/2008/03/17/opinion/17krugman.html?ex=1206504000&en=378edf80e7907e3e&ei=5070&emc=eta1

Uh, a Bit Late. . .

FBI investigates sub-prime crisis

The FBI probes 14 firms embroiled in the sub-prime mortgage crisis as it cracks down on improper lending.

http://news.bbc.co.uk/go/em/-/2/hi/business/7216602.stm

Bad for America

http://www.bankofamericabadforamerica.org/

$20 bn More from Fed

$20 bn from Fed to ease credit woe

The Fed makes billions of dollars available to banks in an auction hoping to ease credit-crunch concerns.

Full story:http://news.bbc.co.uk/go/em/-/2/hi/business/7148459.stm

Who's Your Daddy?

Abu Dhabi Becomes Largest Citigroup Shareholder With $7.5B Investment, Bailout Comes Amidst Subprime Mortgage Crisis, Record-High Oil Prices *

The Gulf Arab emirate of Abu Dhabi bought a $7.5 billion stake in Citigroup, America's largest bank, on Tuesday, making it the bank's largest shareholder. As the U.S. credit crisis worsens and the price of oil hovers close to $100 a barrel, the injection of capital from oil-rich Gulf states is seen as a bailout of banks in trouble. We speak with NYU economics professor, Nouriel Roubini and Hampshire College professor Michael Klare, author of "Blood and Oil."

Listen/Watch/Readhttp://www.democracynow.org/article.pl?sid=07/11/29/1523200 *

Minorities Hit Hardest by Subprime Mortgage Crisis *

We take a look at how the subprime mortgage crisis is affecting homeowners. The latest statistics show U.S. foreclosure filings nearly doubled in October from the same month last year. African-American and Latino homeowners have been particularly hard hit. A new study finds that African-Americans and Latinos were more than three times as likely as whites to have a high-cost loan.

Listen/Watch/Readhttp://www.democracynow.org/article.pl?sid=07/11/29/1523206

Weak Dollar

http://news.bbc.co.uk/2/hi/business/7101194.stm

Subprime Loans, CC Debt

Subprime Lending Crisis: Millions of Families Face Losing Their Homes toForeclosure *Subprime loans have led to one million American families losing their homes in the past decade, a new study by the Center for Responsible Lending has found. In the last ten years, the subprime loan industry has emerged as a major, and controversial, player in the housing market. We speak with an attorney at the Center for Responsible Lending.

http://www.democracynow.org/article.pl?sid=07/04/04/1343214

* In Debt We Trust: America Before the Bubble Burst *
We take a look at a new documentary by veteran journalist and mediacritic
Danny Schechter called "In Debt We Trust: America Before the Bubble Burst."
The film shows how "the mall replaced the factory as America's dominant
economic engine and how big banks and credit card companies buy our Congress
and drive us into what a former major bank economist calls modern serfdom."

http://www.democracynow.org/article.pl?sid=07/04/04/1343218