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81

Which banks are in the most trouble now?

After Friday afternoon's news that IndyMac Bancorp was being taken over by the government and then reopened yesterday under the new name IndyMac Federal Bank, the worry on Wall Street and Main Street has grown...

18 comments    finance loans banks
57

IndyMac Bancorp nearly out of capital, who's next?

IndyMac Bancorp announced today that it will be slashing 3,800 jobs and closing their forward mortgage business. On the company's corporate blog, they gave the reasons for this move. The Pasadena-based company...

2 comments    finance mortgage loans indymac
The subprime virus has spread!65

What happened to the one-time write off for the credit crisis?

The subprime virus has spread! Rewind to the end of last year when the subprime mortgage crisis was just starting to rear its ugly head. The CNBC and Bloomberg announcers were all touting the financial...

0 comments    finance mortgage loans subprime
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