With a bunch of USDA acronyms like FICO and IPO, 4-letter builder names and Boiler Room sales pitches, this cow has chewed more CUD than it can swallow.
- Subprime bailout is not the answer–HUD secretary [Reuters]
- Countrywide to Pick Up Subprime Pieces [AP]
- Fed: Banks Tighten Mortgage Standards [SmartMoney.com]
- Massachusetts Presses Lenders on Foreclosures [NPR]
- Former Ameriquest Workers Tell of Deception (Movie “Boiler Room” as training video) [NPR Radio]
- Subprime’s Expanding Toll [Motley Fool]
- Tighter Mortgage Standards Could Prolong Housing Slump [CNBC]
- Subprime lenders say FICO failed [OC Register]
- Everquest Financial is going public with risky mortgage bets purchased from its underwriter’s hedge funds [Businessweek]
Tags: CNBC, Forbes, Sub-Prime, Radio
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