CREDIT CRASH
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Interview with Chancellor reveals that Treasury downgrades 2008 economic growth forecast from 3.0 percent to 2.5 percent. Darling accepts there will
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Citigroup reports reports its first quarterly loss since 1998. reveals writedowns due to subprime losses of $18.1 billion.
CEO Vikram Pandit said " read more »
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Paulson says credit crunch will act as a penalty on growth, but that the US is not headed toward recession. turbulence caused by 'excesses in the cr
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Timeline of the 2007 credit crunch. The beginning of the crisis is shown as q4 2006 with a slowing US housing market, subprime lender bankruptcies an
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Title says it all really. Its not just the Fed that cant afford to let Bear Stearns go
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Lehman get $6 billion in capital to stay afloat.$2.8 billion lost in the second quarter while hedges, especially commercial mortgage related position
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Credit crash is a social news site for the credit markets
Nothing surprising here, plenty more losses to come for financials....Ambac covers $556bn in municipal and asset-backed securities, hardly...I always check credit ratings before I make a decision...This won't tackle the lack of deals or reluctance of lenders to refinance...At least Bernanke was clear about what they believed - even if they're...Fed sees more risk to the downside BUT doesn't realize that there's enough...Writedowns are MORE than $18 billion. In the release they reveal U.S....Dont see how they were all owned by the "elites", anyway dont...