dimelab dimelab: shrinking the gap between talk and action.

economy suffering Topic in The Credit Debacle Catalog

real economy suffering (1); United States economy suffered (1).

naked capitalism Mon 2009-11-30 13:46 EST

Guest Post: One Reason that the Stock Market is Rising While Unemployment is Soaring

Daniel Gross points out that part of the reason that the American stock markets are going up even though unemployment is rising and the real economy suffering is because multinational corporations headquartered in the U.S. are experiencing strong sales abroad...

Guest Post; naked capitalism; reasons; rising; Soars; stock market; unemployment.

Calculated Risk Tue 2009-09-22 09:30 EDT

Inspector General: FDIC saw risks at IndyMac in 2002

From the Inspector General Report: Between 2001 and 2003, [Division of Insurance and Research] DIR risk assessments and quarterly banking profiles identified concerns about a number of issues, including:*** consumers' ever-increasing debt load, the expansion of adjustable rate mortgages, and a potential housing bubble; *** subprime and high loan-to-value (HLTV) lending as a risk in the event that the United States economy suffered a significant recession; and *** pricing and modeling charge-off risk with respect to the originate-to-sell model of the mortgage business.

2002; Calculated Risk; FDIC saw risks; IndyMac; Inspector generally.