“Interbank market rates have soared as concern that losses on securities linked to U.S. subprime mortgages will spread keeps lenders from providing money to all but the safest borrowers.” — Interesting as ARMs are indexed to LIBOR, not funds rates. So much for bailing out borrowers… guess the only way to do that is going to be with inflation (assuming salary inflation keeps up!)

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“The former chairman of the US Federal Reserve warned today that the danger of a US recession had risen following the turmoil in the global credit market and he denied that regulators were caught unawares by the problems which caused the global credit crunch. ”

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You may be aware that insurance companies use credit scores to gauge your risk as a driver. A low credit score could cause you to pay more for your…

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“In a rerun of last spring’s litany of takeover rumors comes one involving Bear Stearns and Warren Buffet. I guess the way this one works is Warren puts in a call, talks a little biz, and sources close to the scene float a rumor and then the stock (and market) ramps? The same game they played all spring.”-Actually they played it two weeks ago on Countrywide.

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“Profit Growth in U.S. May Hit Five-Year Low on Housing Slump”-Grow? How about loss?

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“Many subprime mortgage lenders such as GMAC and Kensington are now asking borrowers to put down a larger deposit of 25 per cent - rather than the 10 per cent which was required just a few weeks ago.”

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“More American homeowners are missing mortgage payments, pushing defaults on privately insured home loans up 30 percent last month according to a trade group. ”

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“The dollar fell to a record low against the euro as evidence of slowing inflation encouraged traders to speculate that the Federal Reserve will cut borrowing costs a second time this year. ”

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Morgan Stanley will pay $12.5 million to settle charges that the Wall Street firm erroneously told arbitration claimants and regulators that emails they sought were lost in the Sept. via The Wall Street Journal

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“Global demand for private jet travel continues to grow more than three times the rate of the broader economy”

XOJET, the world’s fastest-growing private aviation company, today announced the close of $143 million in equity and debt financing from TPG and Lehman Brothers GPS, and an additional $220 million in aircraft … via Airport Business

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