Can Banking Shake The Crisis?

Wednesday, June 11th, 2008

Image via WikipediaWhile Wall Street and Washington fret about how badly investment banks could damage the economy, Tuesday provided a fresh reminder that commercial banks could be a bigger problem as the second wave of the credit crisis begins its run. National City (nyse: ...

Home foreclosures set record in first quarter

Thursday, June 5th, 2008

Image by Getty Images via DaylifeWASHINGTON (AP) -- Home foreclosures and late payments set records over the first three months of the year and are expected to keep rising, stark signs of the housing crisis' mounting damage to homeowners and the economy. The latest snapshot of the mortgage market, released Thursday, ...