Risky adjustable-rate mortgages and lack of oversight on mortgage securitization created a crisis of global proportions in 2007 and 2008. Mortgages sold to U.S. homeowners were responsible for a ...

In “The Killing Fields of East New York,” Stacy Horn profiles one 1990s white-collar crime spree and the wreckage it left ...

Fact checked by Yarilet Perez Reviewed by Caitlin Clarke The financial crisis of 2008, often called the Great Financial ...

Mortgage-backed securities contained ... Lehman Brothers declared bankruptcy on September 15, 2008. A global financial crisis was underway. In 2010, under the Troubled Asset Relief Program ...

That grim figure led to comparisons with the 2008 mortgage crisis. This year, for the first time in roughly five years, borrowers who have defaulted on their federal student loan debt will face ...

The IMF’s Chief Economist explained in a November 2008 lecture how a crisis that began in mortgage-backed securities turned into the worst recession since the 1930s. For a time after the start of the ...

But this all sounds a bit familiar, doesn’t it? Comparisons have been made to the 2008 mortgage crisis where we saw another market falter due to a lack of proper operational risk controls and ...

The Great Recession -- also called the financial crisis or the subprime mortgage crisis -- refers ... 2007 to a record low of 0% by the end of 2008. The Federal Reserve also provided debt capital ...