Related Articles| Countrywide, GMAC post big losses on mortgages Countrywide Financial Corp and GMAC LLC, which run the largest independent U.S. mortgage lenders, posted big first-quarter losses on Tuesday, hurt by credit problems as the nation's housing slump deepens. |
| Banks finding it tough to shake off subprime hangover Earnings results from banks and bond insurers show that subprime mortgage pain is worsening and may stretch beyond the second quarter or longer. As a result, investors are mostly avoiding their bonds and stocks for now. |
| Making Money From a Meltdown The J.E. Robert Cos. began in 1981 as a sleepy private real estate investment firm in Alexandria with a seemingly boring business aimed at helping federal agencies like the Federal Home Loan Bank sell off troubled real estate assets. |
| Government’s Leap Into Banking Has Its Perils Now that the big five investment banks of America have been shut down, sold off or turned into more staid bank holding companies, there is one big risk-taking banker left: the federal government, The New York Times’s Steve Lohr reported. |
| City of Duluth investment takes huge hit Last year, the City of Duluth invested 3 million dollars in Mainsail-a commercial paper asset. At the time it was thought to be a very safe investment...then the bottom fell out. Joel Runck has the details. |
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