The War on Subprime Terror Profit-taking in gold continued overnight and accelerated upon news that the planet's wealthiest and most astute value hunter - Warren Buffett - was offering a $7.5 billion life preserver to Goldman Sachs. 24 Sep 2008
2.
Mexico combats police corruption with mortgages Mexican police are testing a new weapon against widespread corruption in their ranks: home ownership. Officers and prison guards in Michoacan state can now get special deals on houses and financing through a pilot program designed to keep them out of the pockets of organized crime. The strategy is part of Mexico's desperate push to professionalize local law enforcement, infamous for extorting bribes at bogus traffic stops and providing security for drug lords. 20 Sep 2008
3.
More NY grants aimed at subprime mortgage crisis New York Gov. David Paterson says almost $4.2 million in state grants have been awarded to nonprofit agencies to help address the subprime mortgage crisis. 10 Sep 2008
4.
Ex-broker pleads not guilty in NYC case A former Wall Street broker has pleaded not guilty to charges of duping investors into buying more than $1 billion in high-risk securities by making it look like the trades were backed by federally guaranteed student loans. 05 Sep 2008
5.
Fla. AG: Former subprime exec gets prison term A former vice president for a subprime lender has been sentenced to 18 years in prison for mortgage fraud, racketeering and grand theft. Attorney General Bill McCollum's office said Orson Benn, who worked for Argent Mortgage Co., was sentenced Friday. 05 Sep 2008
6.
2 Wall St. brokers accused of $1B subprime fraud A former Wall Street broker pleaded not guilty Wednesday to charges he and a colleague duped investors into purchasing more than $1 billion in high-risk securities by making it look as though the trades were protected by the federal government. 03 Sep 2008
7.
Idaho mulls state's share of subprime relief bill Idaho's share of federal cash meant to alleviate pain from the nation's subprime mortgage crisis could top $140 million, with the bulk going to provide funding for low- and moderate-income borrowers or to help rescue those whose interest rates from adjustable-rate mortgages have risen and exceed their budgets. 25 Aug 2008
8.
Green jobs, subprime confessions 'GREEN-COLLAR' JOBS: Companies are stepping up their environmental initiatives, and that could mean one thing--a boom in "green-collar" jobs. A recent forecast by the American Solar Energy Society found that renewable energy and energy-efficient industries were responsible for the creation of nearly 8.5 million jobs in 2006, and by 2030 that number is expected to reach 40 million. 05 Aug 2008
9.
Former subprime executive is convicted of fraud A former vice president for a subprime lender has been convicted of mortgage fraud, racketeering and grand theft. Orson Benn, who worked for Argent Mortgage Co., faces up to 105 years in prison when sentenced at a later date, Attorney General Bill McCollum's office said Wednesday. 30 Jul 2008
10.
AP source: Grand jury investigating lenders A federal grand jury is investigating mortgage lenders Countrywide Financial Corp., New Century Financial Corp. and IndyMac Bancorp Inc., a person familiar with the situation told The Associated Press on Thursday. 24 Jul 2008