WASHINGTON — President Barack Obama and top US mortgage lenders unveiled a landmark $25 billion deal Thursday to help struggling homeowners get back on their feet and to untether the moribund housing market.
Republican presidential candidate Mitt Romney and his wife, Ann, saw profits by sinking millions into a Goldman Sachs fund that invested in mortgage-backed obligations, which were owned by lenders who foreclosed on thousands of Floridians.
WASHINGTON — Federal Reserve policymakers viewed the US economy's outlook as particularly clouded, and some wanted to ramp up large-scale asset purchases, according to the minutes of their last meeting published Wednesday.
[vimeo https://vimeo.com/moogaloop.swf?clip_id=3261363&server=vimeo.com&show_title=1&show_byline=1&show_portrait=0&color=&fullscreen=1 expand=1] The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.
