RSS FeedSubprime Mortgage Crisis: The Short Explanation
Unless you live under a rock (in which case you are likely not affected anyway, so go back under there and be safe), you have heard of the economic crisis the United States is currently experiencing. This crisis is shaping up to be the worst thing we have seen since the market crash in the [...]
Finance in the News: Bear Stearns
Before its recent collapse this year (2008), The Bear Stearns Companies, Inc. was one of the largest securities trading and brokerage firms and one of the largest global investment banks in the world. The main areas of business that Bear Stearns covered were the following: capital markets (fixed income, equities, investment banking), wealth management, and [...]
What is Subprime Lending?
With the current economic crisis the United States is experiencing, there is a lot of talk about subprime lending practices, with specific attention on subprime mortgage lending. The term is fairly new and has been promoted via its use in the media. It refers to lending that financial institutions do that carries more risk than [...]