He built Countrywide Financial into the country’s largest mortgage lender, but its increasingly risky loans helped precipitate the 2008 financial crisis.
Category: Subprime Mortgage Crisis
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Former Fed Chair Ben Bernanke on Inflation, Bank Runs and More
The former Fed chairman shared his thoughts with our columnist.
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Jamie Dimon Reprises 2008 Role as Rescuer of a Failing Bank
The New York Times – Business:The JPMorgan chief executive led an effort to raise $30 billion for First Republic, but no one is sure if it did any good.
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Will the Fed Keep Tightening as Banks Fail?
The New York Times – Business:By quietly shedding billions in assets, the Fed is making conditions tighter for banks, home buyers and investors, our columnist says.
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Why Are Middle-Aged Men Missing From the Labor Market?
The New York Times – Business:Men ages 35 to 44 are staging a lackluster rebound from pandemic job loss, despite a strong economy.