Sub-primeMortgage

In the coming years, many books will be written about the subprime fiasco -- most of them reported from the outside of the bubble looking in. If the authors look close enough, they might see Edmund L. Andrews staring back out at them. It will be hard for any chronicle of the bubble to match the...

U.S. Treasury Secretary Henry Paulson is urging Congress to pass pending legislation (subscription required) that would amount to a "bailout" of subprime borrowers. He argues that the mortgage problem has negatively affected the economy, and this will help stop the bleeding.The proposed legislation...