CDS, CDO and MBS are just some of the more complex acronyms in the financial world, and all the more reason to understand them, according to Charles R. Morris, a lawyer, former banker and author of The Two Trillion Dollar Meltdown: Easy Money, High Rollers and the Great Credit Crash.

(Bruce Sutherland/FLICKR)

BY DEB WEINSTEIN-MEDILL NEWS SERVICE

The latest on the credit crunch: Consumers are increasingly leaning on debit cards as opposed to banking on credit, according to a piece in the Wall Street Journal.

For San Francisco-based Visa Inc., this shift translates into a [...]

BY BENJAMIN MIRASKI, MEDILL NEWS SERVICE

Recession have you down? Is it impacting your profits?

I previously did a story on luxury pens and the store that is profiting from the downturn. Today, I present to you another group attempting to profit from the poor economy: Writers.

Yes, writers [...]

BY HOLLY FOX, MEDILL NEWS SERVICE

Credit crunch or echo chamber?  That’s what Inside Higher Ed asked today about the supposed student loan crunch.  The Wall Street Journal worried about it on Monday and I

BY MARJORIE KORN, MEDILL NEWS SERVICE

One of Fannie Mae‘s [[FNM]] biggest challenges as it enters the second half of 2008 and into the following year is the number of unknown factors that are plaguing the U.S. housing market, according to Dan Mudd, president and CEO.

On a conference call with investors following the [...]

BY BENJAMIN MIRASKI, MEDILL NEWS SERVICE

The Federal Open Market Committee has spoken and the target Federal Funds rate will remain at 2 percent for now.

Yet, it seems that the Fed is going to get tougher on inflation going forward. While Richard Fisher, president of the Dallas Fed, was the only one to [...]

BY HOLLY FOX, MEDILL NEWS SERVICE

There’s been a lot of talk lately about the heavy hand the government has taken in response to the bursting housing bubble and the credit crunch.  Two weeks ago, in an opinion piece about the bailout of U.S. mortgage giants Freddie Mac and [...]