Read more credit crisis stories on Newserhttp://www.newser.com/taggrid/9460/credit-crisis.html2009 - Newseren-usNewser Feed GeneratorTue, 24 Nov 2009 18:18:26 CSThttp://www.newser.com/story/74584/nyt-to-blankfein-your-apology-is-bull.html?utm_source=syn&utm_medium=rss&utm_campaign=tagLloyd Blankfein took his sweet time acknowledging his firm's role in almost toppling the financial system, and the New York Times editorial board stewed until today, when the paper's audience is largest. The Goldman Sachs CEO said in a speech this week, "We participated in things that were clearly wrong...http://www.newser.com/story/74584/nyt-to-blankfein-your-apology-is-bull.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSun, 22 Nov 2009 16:53:53 CSThttp://www.newser.com/story/73465/what-broke-celebs-can-teach-us.html?utm_source=syn&utm_medium=rss&utm_campaign=tagCelebrities really are just like us: During these financially stressful times, they’re suffering, too. On Huffington Post, Manisha Thakor points out the takeaway from four high-profile meltdowns. NBA Player Antoine Walker: Squandered away his $110 million fortune by age 33. The lesson? If you have a variable income, don’t spend...http://www.newser.com/story/73465/what-broke-celebs-can-teach-us.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 06 Nov 2009 9:38:19 CSThttp://www.newser.com/story/72023/in-switch-real-economy-hits-big-banks.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThose concerned about the nation’s banks should forget about the “softly, softly policy” of the Obama administration that has allowed Goldman Sachs to go back to business as usual in spectacular fashion. The real problem, Paul Krugman writes, is banks like Citi and Bank of America that are still floundering...http://www.newser.com/story/72023/in-switch-real-economy-hits-big-banks.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 19 Oct 2009 9:49:00 CDThttp://www.newser.com/story/71468/foreclosures-on-pricey-properties-pick-up.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe country's most expensive homes are now making up a larger segment of foreclosures in the most recent spike of mortgage defaults. An analysis of recent data shows that 30% of June foreclosures involved homes valued in the top third based on location; that’s up from just 16% at the...http://www.newser.com/story/71468/foreclosures-on-pricey-properties-pick-up.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 12 Oct 2009 9:19:00 CDThttp://www.newser.com/story/70899/banks-yanking-homeowners-last-hope-short-sales.html?utm_source=syn&utm_medium=rss&utm_campaign=tagAs banks get healthier, they're getting stingier with one of the few remaining lifelines for underwater homeowners—short sales. To keep home sales moving in leaner times—and to get bad loans off their ledgers—lenders would forgive the difference between the outstanding mortgage balance and the purchase price. Such...http://www.newser.com/story/70899/banks-yanking-homeowners-last-hope-short-sales.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSat, 03 Oct 2009 14:30:36 CDThttp://www.newser.com/story/70139/citycenter-las-vegas-85b-stimulus-bet.html?utm_source=syn&utm_medium=rss&utm_campaign=tagA gigantic addition to the Las Vegas Strip is a one-stop stimulus package for a city and state walloped by the recession and an $8.5 billion bet that happy days are near again. With 12,000 jobs, the CityCenter project—a kaleidoscope of condominiums, boutique hotels, shopping, and, of...http://www.newser.com/story/70139/citycenter-las-vegas-85b-stimulus-bet.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 23 Sep 2009 18:54:47 CDThttp://www.newser.com/story/66732/consumers-blindsided-by-card-cancellations.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMany credit card users are getting to the register only to discover that their cards have been canceled—without a word of warning, the Wall Street Journal reports. With credit tightening, many issuers give only a cursory rationale for the drops, and then only by mail weeks later. And though...http://www.newser.com/story/66732/consumers-blindsided-by-card-cancellations.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 12 Aug 2009 12:44:53 CDThttp://www.newser.com/story/64127/creditworthy-shunned-under-tight-new-mortage-rules.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWould-be homeowners with good credit are finding themselves shut out of the mortgage market by stiff restrictions from wary lenders, the New York Times reports. Many believe that in an effort to move away from the laxness blamed for the financial crisis, lenders have gone too far the other way...http://www.newser.com/story/64127/creditworthy-shunned-under-tight-new-mortage-rules.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSat, 11 Jul 2009 9:42:27 CDThttp://www.newser.com/story/59399/big-losses-loom-at-small-banks.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSmall and midsize banks across America could face $100 billion in losses from commercial real-estate loans next year, shrinking their capital in most cases to scary lows. The Wall Street Journal conducted worst-case-scenario stress tests on 900 banks and found crises looming far beyond Wall Street. Small and midsize banks...http://www.newser.com/story/59399/big-losses-loom-at-small-banks.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 18 May 2009 20:15:00 CDT