If your stock portfolio has been hit hard because you were too heavily invested in the financial sector, sob. ...more

September 28, 2008

The Bush administration's pitch for a sweeping bailout of the financial system has centered on two simple premises: that the economy could suffer a crippling downturn if action is not taken quickly and that this should consist of the government buying troubled mortgage securities from banks and other institutions. ...more

September 26, 2008

Will the U.S. financial system collapse today, or maybe over the next few days? I don't think so - but I'm nowhere near certain. You see, Lehman Brothers, a major investment bank, is going under. And nobody knows what will happen next. ...more

September 16, 2008

Freddie Mac on Wednesday posted a second-quarter loss that was more than three times larger than Wall Street expected as a huge number of borrowers with good credit fell behind on their exotic and risky mortgages. ...more

August 7, 2008

Crippled by millions of dollars in bad loans, First Priority Bank was seized and closed Friday by banking regulators. ...more

August 2, 2008

Congress' plan to allow people to refinance into more affordable mortgages won't just relieve thousands of homeowners - it's also expected to save the banks that issued the loans billions of dollars. ...more

July 29, 2008

Borrowers' Responsibility Regarding "Feds Adopt Plan To Protect Borrowers From Shady Lending Practices" (Nation/World, July 14): ...more

July 19, 2008

Diane Klein wasn't sure what she would trust more to hold her money - IndyMac Bank or a hole in her backyard. ...more

July 17, 2008

Americans are raiding their already fragile retirement piggy banks to weather financial hardships such as unemployment, medical emergencies and buying a home. ...more

July 17, 2008

With a foreclosure rescue bill facing an uncertain fate in Congress, federal regulators are putting the final touches on new rules designed to curb irresponsible mortgage lending and help some struggling homeowners refinance into more affordable loans. ...more

July 9, 2008