Beau Biden, Delaware Attorney General, Sues Big Banks' Mortgage RegistrySource: The Huffington Post
Delaware Attorney General Beau Biden (Democrat) is suing a national mortgage registry charging it with engaging in deceptive trade practices that prevent homeowners from effectively fighting off foreclosure.
Beau Biden and NY Attorney General Eric Schneiderman (Democrat) are two …
Barack Kissinger Obama Source: The New York Times
Who would have predicted it? Barack Obama has turned out to be so much more adept at implementing George W. Bush’s foreign policy than Bush was, but he is less adept at implementing his own.
The Chinese are coming, to buy bargain US homesSource: The San Francisco Chronicle
Beijing lawyer Ying Guohua is heading to the United States on a shopping trip, looking not for designer clothes or jewelry, but for a $1 million home in New York City or Los Angeles.
Images
Vincent Mo, Chairman of SouFun Holdings Ltd., speaks to j...Richard Dai, CEO of SouFun H …
Nationalize the Banks! We're all Swedes NowSource: The Washington Post
The U.S. banking system is close to being insolvent, and unless we want to become like Japan in the 1990s -- or the United States in the 1930s -- the only way to save it is nationalization.
We Found the W.M.D. - NYTimes.comSource: The New York Times
This week's op-ed piece by Thomas Friedman. To say he thinks the economy is going to get worse before it gets better is something of an understatement.
The Subprime Wolves Are BackSource: Business Week
Many of the predatory lenders who brought us the subprime mortgage meltdown are back in business using the same despicable tactics to peddle FHA-backed mortgage loans. Another multi-billion dollar disaster waiting to happen.
As markets reel, the blame game beginsSource: Politico
After a 500-point drop in the Dow, Treasury Secretary Henry Paulson briefed reporters Monday.
Photo: AP
Wall Street is now at the mercy of Washington.
(Mis)Understanding a Banking Industry in TransitionSource: Dollars & Sense magazine
Under deregulation the industry became dysfunctional
—but economists still won't revise their anti-regulation script.
A great article on the banking crisis by one of the top experts in the field.
Fed Shrugged as Subprime Crisis Spread Source: The New York Times
WASHINGTON — Until the boom in subprime mortgages turned into a national nightmare this summer, the few people who tried to warn federal banking officials might as well have been talking to themselves.
Bush Announces Mortgage AgreementSource: The New York Times
Here is the long awaited first official step in the bailout plan. I have written on this before here where you can find some details about why I think this risks destruction of the FHA MMI Fund and ultimately a taxpayer bailout.
Credit losses 'may reach $400bn' Source: BBC News
Financial companies' losses due to the US sub-prime crisis could be as much as $400bn (£190bn), US investment bank Goldman Sachs has said.

The subprime mortgage calamity in the U.S.
Lay-offs surge 85 pct in Aug vs JulySource: Yahoo! Finance
Planned U.S. lay-offs rocketed in August as the housing slowdown and subprime mortgage debacle led to record job cuts in the financial sector, an independent report showed on Wednesday.
Obama unveils radical mortgage planSource: FT.com
Unscrupulous lenders who deceptively sold subprime mortgages to millions of Americans should be fined and the proceeds used to help bail out borrowers facing a wave of foreclosures, according to Barack Obama, the Democratic senator running to be his party's presidential candida …