Happy 4th to all! Now back to regularly scheduled programming… Glenn Gray discovered a way for his bank to grow amid the deepest recession in decades. The chief executive of Sunwest Bank in Tustin decided to expand his company by … Read More

Tony D’Aloisio chairman of ASIC and Paul Clitheroe chairman of the Australian Government Financial Literacy Board , last week launched Thinking of using the equity in your home? A new independent guide to reverse mortgages and other equity release products. ASIC’s … Read More

About a week ago, I challenged my followers on Twitter to give me their best single piece of money advice in ten words or less . I was flooded with responses. After spending quite a bit of time sifting through … Read More

From the WSJ: Ten States Race to Finish Budgets Ten states were scrambling Monday to pass budgets before a Tuesday deadline, with a handful — including Arizona, Indiana and Mississippi — facing the possibility of partial shutdowns if their legislatures … Read More

There will be a flood of data released over the next three days, including the June employment numbers on Thursday. Other highlights include Case-Shiller house prices tomorrow and auto sales on Wednesday. Several analysts expect an increase in auto sales … Read More

Given all the recent attacks, I’d be remiss if I didn’t write something about Bernanke, but first … I’ve been a regular critic of Ben Bernanke. I thought he missed the housing and credit bubble when he was a member … Read More

The Committee on Oversight and Government Reform released a couple of interesting documents this afternoon. The first document contains some Federal Reserve emails and documents. See page 2 you will find an overview of Merrill’s legacy portfolio. How about this … Read More

Remember those loans for 125% of the value of a home? That’s what comes to mind with this from National Mortgage News (hat tip to broker Lou Pacific): The 105% loan-to-value ratio limit on Fannie Mae and Freddie Mac’s program … Read More

John Wiley & Sons plans a paperback next year of Chain of Blame , a book I co-wrote about the credit and housing bubbles. Paul Muolo and I have a month or two to update it. If any readers of … Read More

The good news in the latest World Bank China Quarterly : One. China is growing, thanks to China’s government. The World Bank estimates that the government’s policy response will account for about 6 percentage points of China’s 7.2% forecast growth … Read More