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How the housing crash hurts your retirement |
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Written by Webmaster
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Sunday, 07 September 2008 |
More info...
You already know that the housing crisis has wreaked havoc with the economy and financial markets, not to mention the lives of millions who've lost or could lose their homes. But there may be a less obvious casualty too: your retirement prosperity.
Pay Day Loan Oil hits 5-month low
Oil prices continued to decline Friday as investors worried that an economic slowdown could chip away at demand for energy.
 How J.P. Morgan steered clear of the credit crunch
It was the second week of October 2006. William King, then J.P. Morgan's chief of securitized products, was vacationing in Rwanda. One evening CEO Jamie Dimon tracked him down to fire a red alert. "Billy, I really want you to watch out for subprime!" Dimon's voice crackled over King's hotel phone. "We need to sell a lot of our positions. I've seen it before. This stuff could go up in smoke!"
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Last Updated ( Sunday, 07 September 2008 )
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