Finally, a massive credit bubble was inflated over the years from 1995 onwards, and reached enormous proportions by 2007. It then collapsed in a series of crises initially related to the demise of sub-prime mortgages accumulated in the frenzy of the …
){kind=link}
Long before we get to the title card in “The Big Short,” the rollicking caper documenting the 2008 housing and banking crisis, we see how the nation arrived at the brink — with nary a dollar sign or a balance sheet in sight. Instead, the co-writer and …
){kind=link}
Adapted from the 2010 Michael Lewis book of the same name, the film from Viacom's VIA 0.05% Paramount Pictures follows a group of rogue investors who predicted the housing and credit bubble and made money betting against the bubble ahead of the …
){kind=link}
As Bahrani drilled into Florida's post-meltdown housing bubble over the course of a year, he realized his story needed to encompass the corrupt network of banks, courts, government agencies and illegal "bulk-buyers" who bought foreclosed properties at …
){kind=link}
Michael Burry, the founder of Scion Capital and the man we now know predicted the burst of the housing bubble, took issue a decade ago with what he believed to be risky mortgage lending practices. But his concerns came at a time when housing prices had …
){kind=link}
Weeks later, he announced that the city would dedicate $5.5 million to help tear down houses and buildings that had been foreclosed upon in the real-estate meltdown. The financial crisis forced him to again make cuts in the budget. He cut 100 city jobs …
){kind=link}
The Adam McKay-directed comedy about a group of financial wizards who bet against the housing market ahead of the 2008 meltdown garnered an estimated $10.5 million in its third week for a seventh-place finish. With both Golden Globe and SAG Award …
A FEW MINUTES into "The Big Short" you can feel director Adam McKay wanting to scold the American public for gawking at celebrities instead of doing its homework on the 2008 Wall Street meltdown. Just as palpably, you can feel McKay ("Anchorman") …
){kind=link}
A few minutes into "The Big Short" you can feel director Adam McKay wanting to scold the American public for gawking at celebrities instead of doing its homework on the 2008 Wall Street meltdown. Just as palpably, you can feel McKay ("Anchorman …
){kind=link}
“The Big Short,” the movie version of the Michael Lewis book about a bunch of misfits who foresaw the housing and mortgage bubble a decade ago and profited handsomely from its popping, is to be released widely Wednesday.
){kind=link}
The housing market was in a prolonged bubble as the 2000s rolled along: prices kept going up, more loans were being written, more houses were being built and sold. Everybody was getting rich. Nobody — well, almost nobody — looked below the surface to …
){kind=link}
"It indicates a healthier phase of growth," said Cardosi of the steady trend of rising activity since permits hit a low of 483 in 2010 in the wake of the Great Recession and housing market meltdown. Last year's 1,000 easily surpassed the 877 of 2013 …
){kind=link}
Las Vegas was the epicentre of the housing market meltdown – and when the casino banks crashed, so did its casinos. Earlier this year, however, work began on Resorts World Las Vegas, a $4bn resort development just north of the Alon site. Owned by the …
){kind=link}
… mean for the housing market, now that it's finally happened, it seems like, well, not so much of a big deal. At least for now. Interest rates are creeping up but hardly skyrocketing. A second housing meltdown is not likely to ensue. We're fine …
){kind=link}
The Federal Reserve (The Fed) is a body that was created by Congress in response to the banking meltdown that threw us into the Great Depression. In simplest terms …. The overall demand for housing and available inventory will also be a factor …
){kind=link}
In this way, the illusion that the banks were in sound financial shape could have been preserved a little longer, in the hope that somehow or other the real problem of the huge housing bubble and its associated derivatives would miraculously resolve …
){kind=link}
Before the U.S. housing meltdown, authorities there dismissed the idea of a national housing market. One of the reasons officials in the George W. Bush administration were blasé about the housing bubble was because they believed surging prices in …
){kind=link}
Part absurdist caper, part true-life horror show, the movie generates laughs as it hitches a careening ride with a small clutch of men — seasoned Wall Streeters and a couple of rogue players among them — who saw the housing market crisis coming and …
){kind=link}