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November 17, 2008
All Business: Time to break logjam and fix mortgage mess
By RACHEL BECK
AP Business Writer
AP Business Writer
NEW YORK — The federal government keeps bailing out the financial industry, but some working in that world seem reluctant to do their part, even if that could help stem the financial system's meltdown.
At the center of today's economic and credit crisis is the rising tide of home foreclosures, which government agencies and some large banks are trying to address by allowing borrowers to modify their mortgages.
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Previous columns:
- All Business: What's wrong with banks buying banks?, 11-03-2008
- All Business: Smart people on Wall Street will find ways to profit from bailout, 10-08-2008
- All Business: Bailout won't be an economic cure all, 10-06-2008
- All Business: Fair-market accounting rules good for investors, 10-01-2008
- All Business: Uncle Sam's bold steps come at big cost, 09-22-2008
- All Business: Lehman Brothers: Things didn't have to be this way, 09-15-2008
- All Business: Bailout won't fix consumer credit troubles, 09-10-2008
- Including foreclosures shows a grim housing market, 08-20-2008