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Banking Crisis 2008: The end of the financial powerhouse in the U.S.?

Bank of America is looking to reduce its workforce by 7,500 employees. Citigroup plans to lay off around 6,500. U.S. financial institutions are reporting billions in losses. These are just some of the most recent indications that we are in the midst of a severe banking crisis in the U.S. What should investors do? [...]

Subprime Lending: Countrywide no more

January 11, 2008 · Filed Under US Stocks and Markets · Comments 
“Bank of America has swept in to save Countrywide from bankruptcy and further infamy… if you can count being bought out by your creditor as ’saved.‘” – Stephanie Grimmett. by Stephanie Grimmett Baltimore – (TFN):  All of that rending of flesh and gnashing of teeth you’re hearing may be the subprime feeding frenzy reaching its peak. In [...]