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The world economy collapsed when homeowners couldn't repay subprime mortgages. We're now making a similar bet on 'repaying' carbon emissions.
Office of the Moody’s Corporation ratings agency.
Daniel J. Macy
Standard & Poor's, Moody's, and other ratings agencies have a long and storied history, but today they face significant criticism and the future of ratings themselves are under challenge.
A woman walks by the New York Stock Exchange.
AP Photo/Richard Drew
Single women borrowed heavily in the run-up to the financial crisis, ensuring they suffered the most in its fallout. Will history repeat itself?
Recalling August 9 2007 – the start of the credit crunch and global financial crisis.
Republicans have been opposed to the CFPB since it was created.
Republicans are hoping to eliminate or at least defang the only federal agency tasked solely with protecting consumers from financial abuses. What would we miss if they succeed?
Banking in a highly financialised society like Britain could be seen as akin to a fundamental human right.
Subprime loans could ease not only the housing affordability crisis but rising homelessness as well.
The Hollywood flick recalls subprime's role in the 2008 financial crisis, but, by helping more low-income households buy a home, the loans can help ease the affordability crisis and homelessness.
The subprime mortgage scandals hit Baltimore hard.
Predatory lending and the subprime mortgage crises as well as a history of economic injustice fueled the Baltimore protests.
It’s a game with high stakes.
We've heard all about building houses and help for first time buyers, but when it comes to housing, the whole economy's at stake.
The collapse of Lehman Brothers was a pivotal moment in the most recent financial crisis. The next crash may feature another bank failure.
The subprime crisis and the subsequent failure of Lehman Brothers came as such a shock – and the repercussions were so severe that when the time came to mount a response, policy makers were as surprised…