Housing Crisis

Alex Carter's picture

CAF STAFF

CEO Pay Helped Fuel Subprime Crisis, AFL-CIO Says

From bloomberg.com
April 15th, 2008
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Submitted by Alex Carter

bloomberg.com — Pay plans for chief executive officers helped create the subprime-mortgage crisis by encouraging companies to take on too much risk for short-term gains, the AFL-CIO said in an analysis.

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Alex Carter's picture

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Senators Agree to Make Deal On Housing

From washingtonpost.com
April 2nd, 2008
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Submitted by Alex Carter

washingtonpost.com — Under pressure from voters to address the nation's housing crisis, Senate Republicans agreed yesterday to work with Democrats on a compromise plan to stimulate sagging home sales and help distressed homeowners avoid foreclosure.

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Robert Borosage's picture

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McCain: Playing Election Year Politics with the Credit Crisis

By Robert Borosage
March 25th, 2008

One in ten homes is “under water” – worth less than their mortgages. 2 million homeowners are headed to foreclosure. The shadow banking system verges on collapse. Banks across world are shaken. The world fears global recession. Fearful of a catastrophic unraveling, the Federal Reserve has slashed interest rates. more »

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