Finance & Economy
The real estate industry is reeling from the collapsed subprime mortgage market and the broader economic downturn, with more than 3.9 million unsold homes on the market, according to a recent report by the National Association of Realtors.
As consumer confidence in big banks larded with distressed mortgage assets weakens, smaller community banks and credit unions are trying to win the hearts and minds — and deposits — of consumers.
African-American and other minority-owned banks are a bright spot in the collapse of the subprime mortgage market that has upended Wall Street and threw the global financial and banking industries into turmoil.
Chicken Little was right. The sky was falling for most retirement accounts in 2008. But that doesn’t mean Little, lead character in a fable about a chicken who believes the sky is falling, should become one of your most trusted financial advisers.