The Market Now

Daily Archives: January 7, 2013

There's no bucket in the world big enough to fill the sea of mortgage losses.

Photographer: Alessia Pierdomenico/Bloomberg

There's no bucket in the world big enough to fill the sea of mortgage losses.

Billions of Dollars Paid, Still a Drop in the Mortgage Bust Ocean

Is Bank of America's settlement with Fannie Mae fair? Depends on how you count the cost of the mortgage bust. The press concentrates on liar's loans, subprime teaser rates, and sleazy fees. But the whole is more than the sum...

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