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Want reports? Discover below:
- www.cdapress.com
That is what Alan Greenspan, former Chairman of the Federal Reserve, told Congress last week. He explained that the catalyst for this crisis was the unbelievable number of mortgages that were given to people who simply could not afford to make their monthly payments.
- www.independent.co.uk
Cable & Wireless, the UK's second largest telecoms provider to businesses, has shelved plans to split because of the uncertainty brought on by the credit crunch.
- www.bloomberg.com
Nov. 7 (Bloomberg) -- General Motors Corp. , Ford Motor Co. and Chrysler LLC, strapped for cash as sales plunge, are seeking $50 billion in federal loans to help them weather the worst auto market in 25 years, a person familiar with the matter said.
- www.startribune.com
ATLANTA - Hundreds of lenders told federal housing officials Thursday that a $300 billion mortgage aid program requires too many losses for consumers and lenders to realistically help 400,000 Americans avoid foreclosure.
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