Earlier posts: Weekly Summary and a Look Ahead TARP Inspector General: Government Programs “risk re-inflating bubble” Summers: “Statistical recovery and a human recession” The NY Post has an article: I’m walking from my underwater mortgage I stopped paying my $1,450-a-month mortgage … in September 2008 — after making the hard…

To the extent that the crisis was fueled by a “bubble” in the housing market, the Federal Government’s concerted efforts to support home prices risk re-inflating that bubble in light of the Government’s effective takeover of the housing market through purchases and guarantees, either direct or implicit, of nearly…

Samuel writes in: Much like you with your piano resolution, I decided to finally bite the bullet and begin a career path towards becoming a professional chef this year. I have a substantial amount of money saved up, so the costs of this choice aren’t a problem. My problem…

Here is an OpEd in the NY Times from Paul Volcker: How to Reform Our Financial System A few excerpts: The further proposal set out by the president recently to limit the proprietary activities of banks approaches the problem from a complementary direction. The point of departure is that adding…

A little flashback from Jon Stewart: CNBC Financial Advice The Daily Show With Jon Stewart Mon – Thurs 11p / 10c CNBC Financial Advice www.thedailyshow.com Daily Show Full Episodes Political Humor Health Care Crisis
Read more here – Daily Show: CNBC Financial Advice

Quote of the day … “”What we see in the United States and some other economies is a statistical recovery and a human recession.” Larry Summers, Davos, Jan 30, 2010 ( via CNBC ) Click on graph for larger image in new winder. This graph shows the job losses from…

By request, the following graph is an update to: The Investment Slump in Q2 The following graph shows the rolling 4 quarter contribution to GDP from residential investment, equipment and software, and nonresidential structures. This is important to follow because residential investment tends to lead the economy, equipment and software…

Bob writes in: I’m in my mid twenties, worked doing tech support all through college, and worked out of college as the IT director for a political campaign of 120 staffers. I now have left to a job that fits my interests a little bit better, but clearly still…

Here is an interesting podcast from NPR’s Planet Money: To Stay Or Walk Away NPR’s Alex Blumberg and Chana Joffe-Walt interview Arizona attorney Mary Kinsley. She describes how a couple years ago homeowners would call her, in tears, trying desperately to save their homes from foreclosure. Now homeowners call, their…

One five by two nine The first month of twenty ten Not a record….yet. by Soylent Green is People From the FDIC: Columbia State Bank, Tacoma, Washington, Assumes All of the Deposits of American Marine Bank, Bainbridge Island, Washington American Marine Bank, Bainbridge Island, Washington, was closed today by…