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What’s to stop the mortgage crisis from happening again?

September 21, 2008 – 4:23 pm – No Comment
What’s to stop the mortgage crisis from happening again?

The government has bailed out a handful of banks and savings-and-loan firms now and spent billions of tax dollars in the process…So the question now is what exactly is preventing such a huge failure of the United States financial system in the future?
To me, it …

Perhaps things aren’t looking as bad for WaMu.

September 17, 2008 – 3:30 am – No Comment

Even after the S&P lowered the savings-and-loan credit rating today Washington Mutual’s shares rose 16% higher than opening. WaMu was one of the largest profiteers from the housing boom and is now in trouble with the largest mortgage lenders going belly-up. There are even …

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