A year ago, as the outlines of the current financial crisis were just becoming clear, I suggested that this crisis, unlike a superficially similar crisis in 1998, wouldn't end quickly. It hasn't. ...more

August 6, 2008

Focused on getting the nation's credit gears smoothly working again, the Federal Reserve is letting Wall Street firms draw emergency loans into next year and giving financial companies more options to help them overcome credit problems. ...more

July 31, 2008

The policy debate within the Federal Reserve is growing sharper. On one side is Fed Chairman Ben S. Bernanke, who is opposed to raising interest rates even though consumer prices have gone up 5 percent over the past year. ...more

July 30, 2008

Wall Street's angst over the ongoing fallout from the credit crisis made for a turbulent end to a volatile week Friday - stocks tumbled, soared and then turned south again as investors tried to assess the dangers faced by the country's biggest mortgage financiers, Fannie Mae and Freddie Mac. ...more

July 12, 2008

The intense pain caused by the bursting of the housing bubble is beginning to ease. Really. ...more

July 11, 2008

There are new signs that the worst of the global credit crisis is yet to come, and that banks and brokerages caught up in the market turmoil may lose $1 trillion by the time it has passed. ...more

June 19, 2008

Lehman Bros. Chief Executive Richard Fuld on Monday took the blame for the company's staggering second-quarter loss and said the investment bank was too slow in reacting to the credit crisis. ...more

June 17, 2008

Just because Wall Street is terrible at learning from its mistakes, that doesn't mean the rest of us have to be. ...more

June 12, 2008

Lehman Bros. Holdings on Monday confirmed fears on Wall Street that the credit crisis isn't quite over, and it left investors to wonder whether other major investment banks face the same set of risks. ...more

June 10, 2008

Fannie Mae, a key source of mortgage funding, on Tuesday reported that falling home prices and rising defaults contributed to further losses for the government-sponsored company during the first quarter. ...more

May 7, 2008