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Even more Wall Street employees are getting fired as a result of the subprime crisis. Merrill Lynch said today that it has begun clearing out executives with connections to risky...
The weekend of June 23-24 was a hectic time for Richard Marin, an executive at Bear Stearns that ran two troubled hedge funds heavily invested in subprime-backed bonds. And after...
BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.