Articles

The US taxpayer owns 70% of GM. Why are we permitting someone with no knowledge of the automobile industry to seize control of GM on an interim basis?

Brent White, a Professor at the University of Arizona College of Law has written a provocative paper which makes the case that for many homeowners walking away from their underwater home is the best long-term economic decision. He argues that societal pressure and the fear of ruined credit force many homeowners to stay put, even though doing so is bad for their personal finances and long-term wealth.

There has been a lot of changes in the laws regarding bankruptcies and here are some of them.

The National Association of Realtors announced today that existing home sales for October rose 10.1% to a 6.1 million annual rate from a 5.54 million pace in September. This of course was done with massive government intervention including the $8,000 first-time home buyers tax credit, super low interest rates, and FHA mortgage assistance.

The North American Securities Administrators Association (NASAA) announced today a settlement with Wells Fargo in which the bank agreed to reimburse $1.3 billion related to the sale of auction rate securities to its clients. That makes it the last of the large banks to put its auction rate security mess behind it.

Fed Chairman Ben Bernanke said today that he doesn't see evidence of an asset bubble in financial markets - equities, gold, commodities, etc. This of course reminds me of Alan Greenspan's famous announcements early in the decade that there was no housing bubble. Yeah, right.

The Federal Housing Administration (FHA) which has propped up the housing market by insuring hundreds of billions of mortgage loans, is in danger of running out of money as foreclosures and bankruptcies grow.

The Federal Reserve on Thursday announced final rules that prohibit banks from automatically charging overdraft fees on ATM and debit card transactions. Before a fee can be charged, customers must consent or agree to the charge in return for being allowed to withdraw money. So, let's explain a likely scenario.

Here's how the worlds largest maker of networking equipment grows it's business.

Hi there, here is a lengthy series on investing for retirement. I will not get into specific stocks, bonds, or mutual funds, though I will talk about them. Take a look and you may be able to save yourself some stress and heartache in the future.

Hi there, here is a brief article on investing and learning to invest. You may be surprised to find the best too is watching TV. Now you have to figure what to watch.

A little paid attention to area in mutual funds are their cash reserves. How do you like paying some fund manager two percent of you money for hoarding cash? Managers do it all the time so stick around and see why.

Here is the first part of a series regarding fees, loads, expenses, etc. In this first part we have just covered funds, but later we will cover other areas where fees are charged.