CREDIT CRASH
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Fed,Congress and agencies didn't regulate mortgage lending since they were "beholden" to the financial elite.
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Commentary on Bernanke report on monetary policy, particularly "I don't anticipate stagflation
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Announcement that Fed will make $30 billion available to banks with problems due to the credit crisis. Auctions will be continued every two weeks "f
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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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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...