World News Insights
1-3 Minute Gist

All Topics Article

The Home-Equity Hurt Ahead for Banks

BusinessWeek Original article ›

Keywords:

LyrArc Article Gist
CreditSights, a New York research firm says about $33 billion in losses from home equity loans will hit the five largest banks in the latter part of 2010, an amount equal to what they expect in earnings for 2010. This would have an adverse effect on the banks and has the potential to stall the economic recovery.

Global Economic Growth post-2008- Inflation, Interest Rates, the Dollar and Exchange Rates

08/15/2005

How all these factors come together for global economic growth, any adjustments, and risks, and different perspectives on achieving the right mix for policies.

Grouped Articles

Housing: Even More Red Flags

BusinessWeek 08/15/2005

The Dollar at Home -- and Abroad

Wall Street Journal 04/28/2006

Full House

Wall Street Journal 08/30/2006

The Yuan and the Greenback

Wall Street Journal 08/29/2006

Geithner Hints at Harder Line on China Trade

New York Times 01/23/2009

China Rejects Currency Manipulation Charge

New York Times 01/25/2009

Martin Feldstein on the risks for the American Economy after failures in the Obama Economic plan.

09/12/2007

Failures to address problems on the housing front, especialy the problems for 15 million homeowners under water- see the links to opeds by Feldstein suggesting focus on these issues throughout 2008-2009. And the focus on health care which diverted attention from this problem and the problem facing bad loans in commercial real estate. Other problems are failure to get bank lending up for businesses. And the failure of Obama health care plans to control the increase in the nation's surging health care spending, instead increasing the deficit to unsustainable levels. Public sentiment as shown in WSJ/NBC polls confirm Feldstein's sense of the situation.

Grouped Articles

Saving the Fed From Itself

New York Times 12/08/2013

From President Obama, Economic Clarity but Little Courage

Washington Post 04/15/2009

Liquidity Now!

Wall Street Journal 09/12/2007

How to Stop the Mortgage Crisis

Wall Street Journal 03/07/2008

Our Economic Dilemma

Wall Street Journal 02/20/2008

Enough With the Interest Rate Cuts

Wall Street Journal 04/15/2008


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