An eviction team removed the furniture from her foreclosed house on February 2, 2009 in Adams County, Colorado. (Photo by John Moore/Getty Images)
Congress is considering bills that would allow federal bankruptcy judges to amend home mortgages, changing the terms to prevent…
Kimberly White/Bloomberg News
After bailing out banks, investment houses, a big car loan company and AIG insurance (twice), the federal government finally may be getting around to individual homeowners. It’s about time.
After all, it was failing mortgages that fueled this fall’s financial…
No, but you . . . you . . . you’re thinking of this place all wrong — as if I had the money back in a safe. The money’s not here. Your money’s in Joe’s house, right next to…
Monday was one of the most wrenching days in the history of the American financial system. One blue-blooded investment bank, Lehman Brothers, sought shelter under Chapter 11 bankruptcy laws, while another, Merrill Lynch & Co., announced it had sold itself at…
Republican presidential nominee Sen. John McCain of Arizona responded to Monday’s financial crisis on Wall Street by telling an audience in Jacksonville, Fla., that the “The fundamentals of our economy are strong, but these are very, very difficult times.”
Naturally this…
