Foreclosures and the Credit Crunch in America: Did God Want You to Get That Mortgage? October 4, 2008 By David Van Biema Has the so-called Prosperity gospel turned its followers into some of the most willing participants — and hence, victims —…
Lehman Files for Biggest Bankruptcy in American History, rumors of warnings with AIG and Citibank and the coming market meltdown September 15, 2008 Sept. 15 (Bloomberg) — Lehman Brothers Holdings Inc., the fourth-largest U.S. investment bank, succumbed to the subprime mortgage crisis it helped create in the…