Credit crisis: Meltdown!

In the past 100 years, the rollercoaster ride that is the world of high finance has seen some spectacular lows. Sean O’Grady looks back at four episodes that not only came to define their times but also served as lessons for the future Published: 15 September 2007 1907: The Bankers’ Panic Sometimes, all that is necessary […]

Ailing lender’s checks bounce

By Jamie Smith Hopkins | Sun reporter September 15, 2007 Checks sent out by the troubled American Home Mortgage Investment Corp. to pay the property taxes of more than 70 homeowners in the Baltimore metropolitan area have bounced, local officials said yesterday. Baltimore City received bad checks for 53 properties – a total of about […]

‘Housing boom over’ as UK bank chaos grows

Economist warns of sharp downturn · Tory leader attacks Brown over crisis Heather Stewart and Lisa Bachelor Sunday September 16, 2007 The Observer Britain’s house price growth will be halved next year as the global financial crisis exacerbates the impact of rising mortgage rates, according to Nationwide, the biggest mortgage lender.After the dramatic bail-out of […]