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Miscalculation doomed AIGTuesday, January 6, 2009 @ 8:14AMThe contracts were flying out of AIG Financial Products. Hardly anyone outside Wall Street had ever heard of credit-default swaps, but by early 2005, investment banks were snapping them up to insure all kinds of deals in case of default, fueling one of the great financial booms in U.S. history.

Mortgage rates rockTuesday, January 6, 2009 @ 6:15AMSanta Fe mortgage brokers and bankers are experiencing a rush of mortgage applications as borrowers react to lower rates by refinancing mortgages and, to a lesser degree, buying new homes.

Madoff scheme burns MainersTuesday, January 6, 2009 @ 5:11AMBANGOR, Maine — After years in New York and Boston, Martin and Marcia Ellis moved to New Hampshire and then to the Bangor area six years ago, just like many retirees in search of a more relaxed lifestyle.

Despite The Bad News, Bank Customers Will Find Some Deals In 2009Tuesday, January 6, 2009 @ 12:53AMDespite The Bad News, Bank Customers Will Find Some Deals In 2009

Napster wounds the giantSaturday, January 3, 2009 @ 2:49AMWhen Shawn Fanning was born, on Nov. 22, 1980, he lived with his single mother, Coleen, and a rotating cast of her eight brothers and sisters and their families in working-class Rockland, Mass.