In the mid-1980s, anter an oil-price crash, the state suffered the savings-and-loan debacle, big house-price declines and a deep recession.
This backward-looking bias featured prominently in. the American International Group AIGG) debacle -- housing prices had never experienced a. deep and uniform fall, so VAR models indicated that bets on mortgages were safe.
Regulators practiced forbearance, overlooking the self-inflicted debacles — mostly housing related — on their balance sheets.
The limits on mortgages that can be backed by the federal government were raised in 2008 to ease the pain of the housing debacle in areas with high home prices.
BUBBLE TOWN Myrtle Beach, S.C., tops the list of cities that will be hit hardest by the housing debacle, according to a study by the consulting firm Global Insight (globalinsight.com).
Mr. Cole said the housing debacle and continued high unemployment rates were probably behind the trend.
Fannie Mae and Freddie Mac, while not directly responsible for the current housing debacle, made their own unique contribution.
JPMorgan didn't sully itself just in activities related to the housing debacle.
C10 Business Digest C2 EDITORIAL A32-33 EdIraqisls: Iraqis getting together; this one meal; the Katrina housing debacle; TV beyond the tried and true.
Following the crisis of 2008, both the Bush and the Obama Administrations moved promptly to shore up the banking system, but they neglected to deal with the housing debacle.
