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    POPS    IMF's Report On Credit Crunch: Bleak
    Tina Russo
    by Tina Russo  4-9-2008   
     According to the IMF, economic consequences are likely to be broader, deeper and more protracted than expected. Read more here.
    2
    POPS    There Are More Bear Stearns Coming
    Tina Russo
    by Tina Russo  3-17-2008   
     Unfortunately, we may see several Bear Stern-like scenarios in the months ahead. Banks and their investors are in for a bumpy ride.
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    POPS    Why Is Wal-Mart Doing So Well?
    Tina Russo
    by Tina Russo  2-29-2008   
     Retailers are still licking their wounds from a disappointing holiday season and worries of a recession still persist. So why is Wal-Mart thriving? Daniel Gross points to four reasons.
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    POPS    Subprime Crises: Is Japan Next?
    Tina Russo
    by Tina Russo  2-11-2008   
     According to the article, so far Japan's biggest three banks have admitted to just $4.7bn in total losses between them. The figure is rising. Mitsubishi, the biggest, has just raised its tally to 12 times the sum admitted in November. This looks like a replay of the early 1990s when fear of losing face delayed the awful news.
    1
    POPS    Subprime Crackdown by the FBI
    Tina Russo
    by Tina Russo  1-30-2008   
     According to an FBI report out last year, the FBI is most concerned with "fraud for profit." This often involves multiple loans and elaborate schemes perpetrated to gain illicit proceeds from property sales. The report said such schemes usually involved "gross misrepresentions concerning appraisals and loan documents."
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    Tina Russo subprime

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