collapse

Mortgage Crisis: Hitting Home? (WTAP Parkersburg)

We hear the stories nearly every day...about the collapse in the housing market which appears to be pulling the economy along with it. But is the Mid-Ohio Valley part of that collapse?

Big banks' safety cushions continue to shrink (Houston Chronicle)

The margin may erode further in coming weeks. Credit ratings on $704 billion of bonds have been cut this year following the collapse of the U.S. housing market.

Stocks post big gains in wild week

Financial sector and major indexes post gains on hope that the Fed's moves will succeed. A week that began with the near collapse of a Wall Street firm and extraordinary steps by the Federal Reserve to prop up the financial system ended with the stock market posting a huge weekly gain on hope that the central bank's actions would work.

Bearishly good news: Stocks don't fall as far as expected

After the collapse of Bear Stearns, some had anticipated a huge drop in the Dow. But the losses so far today are more moderate. It could have been a lot worse.

Mortgage mess becomes prime territory for law firms (Chicago Tribune)

The collapse of the subprime-mortgage market has turned into a legal free-for-all not seen in the financial-services industry since the savings-and-loan crisis.

Report: Minorities Hit by Foreclosures

SAN FRANCISCO -- Subprime lenders that went out of business with the industry's collapse targeted minority neighborhoods, leaving them to struggle disproportionately with foreclosures and crumbling home values, according to a new report.

Report: Minorities Hit by Foreclosures

SAN FRANCISCO -- Subprime lenders that went out of business with the industry's collapse targeted minority neighborhoods, leaving them to struggle disproportionately with foreclosures and crumbling home values, according to a new report.

Judge Delays Decision on Enron Funds

HOUSTON -- Enron Corp. shareholders and investors hoping to get their cut of more than $7.2 billion recovered as part of a lawsuit they filed in connection with the company's collapse are going to have to wait a little longer.

N.Rock rescue list shortens as auction stumbles

LONDON (Reuters) - Britain's plans to extricate itself from the collapse of mortgage bank Northern Rock stumbled as it faced the prospect of an auction with only two bidders, including one from the bank itself.

Health Care Financing Fraud Trial Nears

COLUMBUS, Ohio -- Six years after the collapse of the country's biggest health care finance company, a trial is nearing for five executives accused of a $1.9 billion fraud that helped bring the company down.

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