Posted In: S&P, credit rating, financial crisis
In a lawsuit filed late Monday, the U.S. Department of Justice claims the credit rating firm Standard & Poor’s knew some $4 billion worth of mortgage-backed securities were risky.
Posted In: Housing, real estate
Resurgent home sales are a boon for those who like to tour open houses for fun.
Posted In: Pentagon, furlough, defense
As furloughs loom, worries abound in Warner Robins, Ga.
Posted In: HSBC, foreclosure, Atlanta, financial crisis
The housing crash not only touched off a wave of foreclosures, it torpedoed property values and the taxes cities and counties collect off them. But some localities are fighting back in an effort to reverse their budget shortfalls.
Posted In: fast food, McDonald's, Arby's
Cheap food draws customers, but also cuts into profits.