Word: crisises
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Some things have changed since the credit crisis broke. "Large banks have at least temporarily backed out of this business," says Chris Kukla of the Center for Responsible Lending, which tracks predatory lending. "But in the fringe financial business, there are plenty of firms that are willing to take advantage...
The financial crisis was supposed to ring the death knell for companies that make loans to people who have had problems with debt. But a year and a half later, so-called subprime lending is alive and well. What's more, fears that increased regulation following the credit crisis would...
Initially, many thought the financial crisis would be disastrous for subprime lenders, but that just hasn't panned out. One reason is those big banks that left the playing field. As more and more banks tightened their credit standards in 2008 and '09, the smaller lenders to people with poor...
See pictures of the global financial crisis.
Where did this idea come from? It grew out of the financial crisis, and seeing what happens to the economy when you have a crisis of integrity. A small group of people doing the wrong thing can really create problems for everybody. I was thinking, well, gee, then what happens...