WaMu Slashes Home Loan Business
Among the steps taken by the savings and loan: cutting more than 3,100 jobs and discontinuing all subprime mortgage lending
Does the Housing Plan Go Far Enough?
Even as Paulson unveils his long-awaited plan to help homeowners, there are many questions
Tempted by Financials’ Fat Dividends
Share prices of big names like Citi and WaMu have taken such a hit that they now offer eye-popping payouts. Buyer beware
Finance Stocks to Buy Now
Gene Marcial talks to investors who believe opportunities remain amid the wreckage at the Wall Street financial houses
Captain Bernanke’s Blimp
To understand why the Fed chairman spends so much time worrying about inflation, not housing or the stock market, imagine taking a certain ride with him
The Capital Crunch Spreads
Capital levels are tumbling at major banks and brokerages—not just Citigroup—which could crimp earnings and economic growth
Avoiding a Mortgage Meltdown
If the deepening lending crisis is an imminent threat, borrowers have options to improve their standing