1. A compendium of mortgage bank failures

    By Bill Allison Sep 22, 2008 4:14 p.m.

    The Mortgage Lender Implode-o-Meter has a useful list of companies that have gone belly up in the subprime mortgage crisis that appears to be more the trigger than the overall cause of the current financial meltdown. I was looking at it Friday, browsing the stories, and some of it is pretty incredible (the list of 285 failures is pretty incredible). Reading about the first failure, Merit Financial, gives a flavor of just how freewheeling these firms could be:

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