Housing Meltdown

But its banks were brought to their knees when a housing bubble collapsed. Europe's bailout fund loaned Spain 41 billion euros ($45 billion) to rescue the banks, and prevent the economy collapsing. In return, the Spanish government introduced a range …

“As the government discouraged consumer investment in real estate [following a housing bubble bust], the Chinese middle class has poured their money into stocks,” Cooper wrote. The result seems to have been a classic asset bubble, with prices rising …

Or it might be the usurious interest rates charged to those who need credit — like the sub-prime mortgage rates that ensured so many people would default in the housing meltdown. Whatever the variation, driving it is a philosophy of milking the poor.

Something similar to the Greek mindset arose during the U.S. housing bubble and collapse of 2008. Millions of Americans unwisely took out subprime mortgages for houses they could not afford and then walked away from their debt when the economy tanked …

The European Central Bank will kick off its monthly €60 billion-euro bond-buying bonanza this Monday and embark on a quantitative easing program with the hopes of raising Eurozone inflation…

Spain – Although Spain was a relative latecomer to the European sovereign debt crisis, it was hit rather hard following the burst of its domestic housing bubble. Again, austerity measures were implemented in return for bailout money and loan guarantees …

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The financial crisis of 2007–2008, also known as the Global Financial Crisis and 2008 financial crisis, is considered by many economists the worst financial…