Home foreclosures are not mostly caused by predatory lending, but routine market forces, sorry Obama. http://bit.ly/D24nZ

The Cato Institute makes an interesting point: Why are Obama's efforts at reducing home mortgage foreclosure failing? Because, "All efforts addressing the foreclosure crisis implicitly assume that the current wave of foreclosures is almost...

Financial firms have eliminated 326,000 jobs worldwide since the end of June 2007, according to data compiled by Bloomberg. Bullish sign?

RT @gtplanet: Frustrated Treasury Sec Geithner curses up a storm in high-level meeting. http://amplify.com/u/eu6

The news that BoA ponied up $33 million to settle charges (without denying or admitting any guilt) that it witheld bonus info on its Merrill Lynch acquisition sent well-known banking analyst Dick Bove into quite a rant today. His research report...

Sallie Krawcheck, late of Citi, named head of Global Wealth and Investment Management at BoA/Merrill Lynch.