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August 9, 2007 was a tough day on Wall Street, with stocks falling 400 points on increased credit concerns over the struggling mortgage lending market. On the same day insurance giant AIG released a report showing that borrowers in the category just above sub-prime were showing increased residential mortgage delinquencies. …

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Member Avatar for Brian.oco

Only a few weeks ago, things were rosy on Wall Street . . . well, as rosy as things can get in the money maelstrom of Manhattan. The Dow Jones Industrial Index (DJIA) -- the chief benchmark for the U.S. stock market -- had surpassed the magic 14,000 mark. Most …

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The End.