subprime news from FierceFinance
News
Freddie auction fares well...So what?
Freddie Mac's $3 billion auction of short-term securities went well. Of course it took news of a massive potential government bailout to undergird market confidence. This is decent news, but the Read more...
Cautionary tale of a Citigroup trader sent to prison
In May 2007, an ex-Citigroup energy derivative trader named Craig Gile was sentenced to a year and a day in jail after pleading guilty to one count of conspiracy. Read more...
Credit ratings agencies unmasked?
Just when you thought the credit rating agencies could not be more demonized comes a New York Times magazine piece that wraps Read more...
Subprime delinquencies still rising
Don't think it's almost over. Delinquencies for subprimes extended in 2005 to 2007 are still rising, according to Standard & Poor's. For 2005 and 2006, the increases have been boosted to the 35 Read more...
The paradox of a mortgage fund collapse
You would think that the Tequesta Mortgage fund would be seen as one of the more safe hedge funds. After it all, it specialized in Read more...
How bad is it in America?
While the effects of the subprime mortgage problem have been--and continue to be--felt all over the country, headlines are dominated by news about the top institutions--the Citigroups and Bank of Read more...
ALSO NOTED: Singapore SWF to invest in TPG; MBIA says bailout not needed; and much more...
Company News:> MBIA says bailout not needed. Article > RBC to buy Ferris, Baker, Watts. Read more...
ALSO NOTED: S&P: Merrill Lynch most at risk of downgrade; More on Moody's structured products revenue drop; and much more...
Company News:> More on Moody's structured products revenue drop. Article> S&P: Merrill Lynch most at risk Read more...
On Wall Street, failure is ticket to success
The New York Times raises an interesting point about the recent executive upheaval on Wall Street. None of the executives that figured prominently will likely see their careers penalized. The paper Read more...
Next big thing will elude credit markets
Way back in the 1990s, a group of so-called specialty finance companies cropped up. They basically made home equity loans to people with poor credit ratings. The loans were then securitized and sold Read more...