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CreditCrisis

Sometimes a picture speaks a thousand words. In this case, a simple animated illustration, the thesis project of Jonathan Jarvis, a student at the prestigious Art Center in Pasadena, CA, manages to do the nearly impossible: Explain the convoluted mess that is the current credit crisis.Check it out...
For the most part, the mortgage crisis we've been hearing about has related to individuals and their home mortgages. But it was inevitable that a flagging economy was going to be more readily apparent in the commercial sector sometime soon. The Associated Press reports that shopping malls are...
Ken and Daria Dolan, America's First Family of Personal Finance, answer your money questions every Friday. Click here to ask Ken and Daria your question. Crisp fall weather means college campuses everywhere are being invaded by visiting high school seniors eyeing prospective dorms ... as their...
The credit crisis seems theoretical and far away -- until the bank starts messing with your credit card. Many consumers are finding the first place they're seeing tangible evidence of the crisis is when credit card issuers cancel their accounts or lower their limits -- sometimes even below their...
Depending on who you talk to, America might be in the midst of a Wall Street crisis, Main Street crisis, credit crisis, subprime mortgage crisis, or some other dire-sounding crisis. But how many consumers really know what this means or how we got here? If you ask someone like...
Politicians, economists, columnists and bloggers have offered numerous stark predictions about how the current financial crisis and government bailout will affect average Americans. But the truth is that Wall Street's crisis, which kicked off September 15 with the fall of Lehman Brothers, Merrill...
It's a brand new world out there. Time was, just a few short years ago, getting a loan for a brand new car was just about as easy as showing up and filling out the paperwork. The banks, flush with all that mortgage money, didn't mind taking a risk on small change like auto loans. Indeed, it was...
I got this email today (a good one) from a reader wanting to know who we should hold responsible for the mortgage "crisis." Q: David: Can we hold our political leaders responsible for the financial crisis comprising misrepresented mortgage-based financial vehicles, like CDOs, derivatives, and other...
U.S. Treasury Secretary Henry Paulson is recommending that the government impose tighter regulations on mortgage lenders. He says this is necessary to avoid another credit crisis. He says that the regulations are behind the times and we need to update them and exercise more oversight of lenders....

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