IKB faces further potential losses (subprime news 11.16.07)

1. IKB faces further potential losses of 300 mln eur - report - Forbes - Nov 15, 2007
2. Tokyo Stocks Sink as Subprime Jitters Persist - Japan Corporate News (press release) - Nov 15, 2007
3. Dexia Q3 net hit by global liquidity crisis - Guardian Unlimited - Nov 15, 2007
4. Collectors cashing in on the credit crisis - Long Island Business News (subscription) - Nov 15, 2007: "But for debt agencies and lawyers working on collections, business couldn’t be better. Richard Klein, president of RHK Recovery in Plainview, said his company has witnessed a 20 percent increase in business in the last year. Klein’s firm focuses on commercial debt and he confirmed that local corporations are also struggling to pay the bills."
5. Congress tackles subprime crisis - MSNBC - Nov 15, 2007 :"The bill would create a licensing system for residential mortgage loan originators, and establish a minimum standard requiring that borrowers have a "reasonable ability" to repay a loan.
   It also contains an "anti-steering" provision that would prohibit mortgage originators from steering consumers to a loan that the consumer lacked "a reasonable ability to repay" or had "predatory characteristics".
6. Asian stocks tumble as investors mull latest subprime news; Hang ... - Forbes - Nov 15, 2007
7. Ousting CEOs caught by subprime meltdown would cost $1 billion - Nov 15, 2007 - Jonathan Berr
8. Why Subprime Lending is a Race and Gender Issue - Nov 15, 2007 - Bridget Crawford:"Women on average live longer than men and have a greater chance of living alone. Rising property taxes and medical expenses make older women on fixed incomes particularly susceptible to lenders who promise money for necessary repairs, but instead exact huge fees and charge inflated interest rates." Other reasons: "Single women, who are likely to earn less, have more dependents, and to spend a higher percentage of their income on housing, are thus less able to absorb the cost of an escalating, inflated subprime loan payment."
9. Subprime for nothing - Nov 15, 2007 - Paul Krugman
10. Freddie Mac CEO Syron Analyzes Causes and Cures for Subprime Crisis - Nov 15, 2007 - unknown
11. Consumers Worry How Mortgage Challenges Will Impact Auto Loans - Nov 15, 2007
12. Investing in China, India and Other Emerging Markets with ETFs - Nov 15, 2007
13. FHA, Fannie Mae Help Minimize Subprime Fallout - Nov 15, 2007
14. GE: Investors took $600 million out of fund after subprime losses (Boston Globe) - Nov 15, 2007
15. Investec takes R500m knock on US subprime (Business Day) - Nov 15, 2007
16. Study: America's Reliance on Home Equity Loans and Credit Cards - Nov 15, 2007
17. Commercial Paper In The Unfrozen North - Nov 15, 2007
18. Northern Rock boss sold £2.6m of shares while urging employees to keep buying - Nov 15, 2007
19. Subprime Today: Thain takes over at Merrill - Nov 15, 2007