Ambac has become a poster-child for the bond insurance industry and the broader subprime meltdown.
The years just before the start of the subprime meltdown fit the Reinhart-Rogoff template remarkably well.
Ironically, HSBC's penchant for being "local" is partly why it didn't come out of the subprime meltdown entirely unscathed.
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The bank may reckon that it needs more protection from the ill effects of the subprime meltdown on the banking system.
He consistently made money for Banco Pactual through Brazil's seesawing currency crises: who better to make cool bets during America's subprime meltdown?
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Last week Dodd suggested that the government may need to step in to help cool the subprime meltdown, but he has provided no details.
The conquering heroes of the subprime meltdown gathered in Manhattan yesterday to tout their latest ideas and the prevailing theme seemed to be: Short the west.
Bankers will tell you that the subprime meltdown was just that: the product of irresponsible lending to, and borrowing by, flaky consumers, not a broader crisis of securitisation.
Profit reports out this week indicate that while the damage from the recent subprime meltdown and credit crunch is not as bad as feared, recovery is still a ways off.
This division of IBM's business has been healthy in past quarters, but about 30% of its sales come from the financial industry, which is reeling from the continuing subprime meltdown.
Earlier this month, Chambers told Reuters that he expected the economic downturn sparked by the subprime meltdown to last into early 2009, rather than merely late 2008 as he'd originally predicted.
The subprime meltdown, which began about this time last year with the bankruptcy of New Century Financial, has spread throughout the credit markets and has dragged down banks and bond insurers along with it.
The subprime meltdown, which began about this time last year with the bankruptcy of New Century Financial (other-otc: NEWC - news - people ), has spread throughout the credit markets and has dragged down banks and bond insurers along with it.
Since February 2007, 69 securities class action lawsuits have been filed related to the subprime meltdown, including 11 brought by investors in auction-rate securities, two by investors in bond funds that had losses, and two against investment banks for their hand in creating the structured product market.
The subprime mortgage meltdown and Wall Street's losses on mortgage-related derivatives have become personal.
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On August 31st, President Bush announced a response to the subprime mortgage meltdown.
Leave it to Goldman Sachs, winner of the "we-avoided-the-subprime-meltdown" derby (so far), to put a damper on everyone else's pre-holiday weekend.
The fund is the latest casualty in the subprime sector meltdown.
It sounds like an exuberant offer from financial firms that were smack in the middle of a financial crisis but keep in mind these retail brokers had little, if anything, to do with any subprime mortgage meltdown.
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In addition to the job losses in the financial sector and the lower spending that will come with lower bonuses, plenty of homeowners are losing their homes to foreclosure because they got stuck in mortgages they couldn't handle--the subprime mortgage meltdown, in fact, sparked the crisis in the first place.
Despite the angst so far, the meltdown in subprime has not spilled over to mass redemptions in other parts of the hedge fund world, where assets continue to flow in and performance has been strong this year, said Kenneth Heinz, president of Hedge Fund Research in Chicago.
Tight credit controls--net charge-offs are only 4.7% of the portfolio--helped AmeriCredit survive the 1997 meltdown of the subprime lending industry.
LePage says the credit crunch that began with the meltdown of the subprime banking industry is one factor in the current housing slump.
This week and next banks report second-quarter profits, hoping to show investors they've escaped the harm that a meltdown in the subprime mortgage sector has inflicted on Bear Stearns (nyse: BSC - news - people ) and others in the last few months.
Adoboli has put the focus on a whole new set of challenges that are awfully reminiscing of the unseen problems facing Wall Street before the financial meltdown caused by the subprime implosion.
As it became clear that there was no financial deregulation during the Bush administration and that the financial crisis was caused by the meltdown of almost 25 million subprime and other nonprime mortgages almost half of all U.S. mortgages the narrative changed.
Likewise, rates on some subprime loans at the heart of the ongoing mortgage meltdown will come down slightly.
The meltdown of New Century Financial and troubles reported by other subprime residential mortgage lenders in recent weeks are prompting speculation that Wall Street firms will step in and buy the distressed companies or their loan portfolios.
Yet she has written a thoroughly researched and heavily documented book, Fannie Mae and Freddie Mac, Turning the American Dream Into a Nightmare, (Bloomsbury 2012) in which she shows that an ideological bias in favor of low-income lending led the U.S. government over a sixteen year period to promote subprime and other low quality mortgages, degrade mortgage underwriting standards, and cause both the mortgage meltdown and the global financial crisis.
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