When unemployment forces an early retirement. | Data companies and the bare-bones approach to online security. | Gretchen Morgenson explains the Spanish housing crisis. via…
Major Banks Face New Foreclosure Lawsuit
By GRETCHEN MORGENSON
Citing extensive abuses of troubled borrowers across Massachusetts, the state’s attorney general sued the nation’s five largest mortgage lenders on Thursday, seeking relief for cons…
November 26, 2011
Slipping Backward on Swaps
By GRETCHEN MORGENSON
WALL STREET loves to do business in the shadows. Sunshine, after all, is bad for profits.
So it is perhaps unsurprising that players in the derivatives market want to thwart one of t…
October 22, 2011
Bank’s Collapse in Europe Points to Global Risks
By GRETCHEN MORGENSON and LOUISE STORY
As Europe’s debt crisis has deepened, a recurring question is how much risk it poses to the United States economy, and especially American ban…
September 26, 2010
Raters Ignored Proof of Unsafe Loans, Panel Is Told
By GRETCHEN MORGENSON
As the mortgage market grew frothy in 2006 — leading to a housing bubble that nearly brought down the banking system two years later — ratings agencies ch…