Financial Meltdown Topics

Democracy Now! stories, posts and pages that relate to Financial Meltdown

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  • Abu Dhabi Becomes Largest Citigroup Shareholder with $7.5B Investment, Bailout Comes Amidst Subprime Mortgage Crisis, Record-High Oil Prices

    The Gulf Arab emirate of Abu Dhabi bought a $7.5 billion stake in Citigroup, America’s largest bank, on Tuesday, making it the bank’s largest shareholder. As the U.S. credit crisis worsens and the price of oil hovers close to $100 a barrel, the injection of capital from oil-rich Gulf states is seen as a bailout of banks in trouble. We speak with NYU economics professor, Nouriel Roubini, and Hampshire College professor, Michael Klare,...
    Nov 29, 2007 | Story

  • Minorities Hit Hardest by Subprime Mortgage Crisis

    We take a look at how the subprime mortgage crisis is affecting homeowners. The latest statistics show U.S. foreclosure filings nearly doubled in October from the same month last year. African American and Latino homeowners have been particularly hard hit. A new study finds that African Americans and Latinos were more than three times as likely as whites to have a high-cost loan. [includes rush transcript]
    Nov 29, 2007 | Story

  • Subprime Lending Crisis: Millions of Families Face Losing Their Homes to Foreclosure

    Subprime loans have led to one million American families losing their homes in the past decade, a new study by the Center for Responsible Lending has found. In the last ten years, the subprime loan industry has emerged as a major, and controversial, player in the housing market. We speak with an attorney at the Center for Responsible Lending. [includes rush transcript]
    Apr 04, 2007 | Story