Given the conflicts at work, there’s little wonder US politicians had little interest in blowing the whistle on the subprime crisis.
Subprime mortgage
Centro takes its sub-prime lumps
America’s subprime mortgage mess and credit freeze has brushed Australia, catching hedge funds and other investors with dud investments and handing out billions in losses, writes Glenn Dyer.
Merrill Lynch hasn’t seen the last of sub-prime carnage
While the US markets leapt overnight on news that the Fed will once again lower interest rates, the stench from the sub-prime fiasco doesn’t seem to be dissipating, writes Adam Schwab.
Doom and gloom wrap: more bad news from the US
Wall Street has a dead cat bounce one day, but returned to reality the next as more write-downs are revealed by banks and a big US state fund becomes embroiled in the subprime disaster, writes Glenn Dyer.
ETrade teeters as subprime doom and gloom spreads
Another cascade of depressing news as more and more financial and other groups are caught up in the imploding US subprime mortgage and housing sectors, writes Glenn Dyer.
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
US financial crisis: There’ll be more ouch
Once again the pressure is rising on world financial markets, especially banks and brokerages in the US as reports of losses and warnings about the intensifying pain from the subprime mortgage crisis continue to grow, reports Glenn Dyer.
Treasurer, be careful what you wish for
There’s an adage about being “careful for what you wish for” that could apply to the increasingly shrill scaremongering coming from our Federal Treasurer, writes Glenn Dyer.
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
US housing crisis continues to worsen
The crisis in the US housing market continues to grow and overnight we got a strong reminder of the extent of the crisis, and the chilling fact that it is worsening, not stabilising, writes Glenn Dyer.
BHP signals our ever growing dependance on Chinese demand
A couple of years ago, BHP Billiton spotted what the growth in China was doing to its businesses and has been leading the move away from US dependence ever since.
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
Subprime mess brings more US job losses
The job losses from America’s subprime mortgage mess continue to mount with another 3,700 people being fired today.
Ratings agencies investigated over subprime mess
The role of credit rating agencies like Moody’s, Standard & Poor’s and Fitch in the subprime mortgage mess is going to be investigated by the European Commission, writes Glenn Dyer.
RAMS hammered, the market plunges
Troubled home lender, RAMS Home Loans Group has failed to finance more than $6 billion dollars in short term debt two days after it warned that the subprime mortgage mess and credit market strains would have a “material” impact on the company’s earnings.
The subprime crisis hits Europe
Anyone who thought the subprime mortgage crisis was a problem for the markets and moneymen who created the mess, had that bit of sophistry destroyed last night when European money markets nearly froze. Glenn Dyer reports.
The subprime mess: deals keep falling over and victims keep appearing
A sense of disappointment in some quarters that the US Federal Reserve didn’t cut interest rates overnight but it did acknowledge for the first time that “downside risks” have increased from the subprime mess.
