A long time ago, after posting several articles about using a crock pot to save money and still produce great, quick meals, readers asked me to post ten of my favorite crock pot recipes. Since digging through my recipes and … Read More

From Treasury: Administration Releases February Loan Modification Report Click on graph for larger image in new window. Over 168,000 modifications are now permanent. 88,663 trial modificatons have been cancelled (and another 1,499 permanent mods cancelled). Here is the report . … Read More

The Great Recession of 2008-09 was triggered by the excessive debt accumulation and leverage of private agents – households, financial institutions and even a fat tail of the corporate sector – in many advanced economies. And while there is a … Read More

From Planet Money: Podcast: We Bought A Toxic Asset! And the story is here: We Bought A Toxic Asset; You Can Watch It Die . An excerpt: Finally, we find a beautiful, totally toxic asset at what [Wit Solberg, a … Read More

The Manufacturing and Trade Inventories and Sales report from the Census Bureau today showed that the inventory-to-sales ratio was mostly back to normal in January. Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated … Read More

Monica writes in: I don’t understand how you can recommend that people shop in thrift stores for clothes. The stuff there is usually worn out and just looks bad and outdated. I would never wear that stuff to work. It … Read More

From Bloomberg: Yellen Said to Be Obama’s Pick for Fed Vice Chairman I suggested Dr. Yellen as a possible candidate for Fed Chairman last year, so obviously I think this is a good choice. She was way ahead of most … Read More

Courtesy: reader Randall Marquis Federal and local law enforcement agencies raided the United Law Group’s offices in Irvine today, as part of a loan modification fraud investigation, The Register’s Irvine reporter Sean Emery writes. Officials shut the office at 2525 Campus Drive … Read More

The NY Times Deal Book has posted the Lehman’s examiners report online: Court-Appointed Lehman Examiner Unveils Report There is an interesting excerpt on the apparent use of repo transactions to bolster Lehman’s balance sheet: … former Global Financial Controller Martin … Read More

Will the reverse mortgage market disappear?  Read here for reasons why the reverse mortgage market may not last too much longer. While a reverse mortgage is currently a very popular financial product that is taken advantage of by many senior … Read More