Look at the state of affairs in this country and we see what dire straits our economy is in. The deficit is at an all-time high and employment is at an all-time low. In order to boost the economy, the banks are still offering adjustable rate mortgages, which in the long run will cause more foreclosures. ...more

December 26, 2009

This week, millions of Americans shop in a mad dash to beat the holiday finish line. The seasonal chaos will ring up billions on credit cards, as our stockings are once more stuffed to bursting. It's the most wonderful time of the year, to be sure. ...more

December 23, 2009

Mortgage rates rose this week but still remained below 5 percent, Freddie Mac said Thursday. ...more

December 11, 2009

Who hasn't secretly wished he could pin the blame on his boss? Or slam office equipment against the pavement? ...more

April 1, 2009

You would think that poor people, those who can't afford to make a down payment, would be the first to lose their homes in a housing crisis. ...more

March 9, 2009

The Fed lowered the interest rate Tuesday, from 1 percent to between zero and 0.25 percent. ...more

December 18, 2008

The Federal Reserve and six major central banks worldwide cut interest rates Wednesday to prevent a financial crisis from becoming a global economic meltdown. The Fed cut its key rate from 2 percent to 1.5 percent. Bank of England cut its rate half a point to 4.5 percent. European Central Bank cut its rate by half a point to 3.75 percent. Central banks of China, Canada, Sweden and Switzerland also cut rates. ...more

October 9, 2008

Wall Street snapped back Tuesday after its biggest sell-off in years amid growing expectations that lawmakers will salvage a $700 billion rescue plan for the financial sector. But the seized-up credit markets where businesses turn to raise money showed no sign of relief. ...more

September 30, 2008

Citigroup agreed Monday to purchase Wachovia's banking operations for $2.1 billion in a deal arranged by federal regulators, making the Charlotte, N.C.-based bank the latest casualty of the widening global financial crisis. ...more

September 30, 2008

Washington Mutual Inc., ravaged by losses from sour mortgages, replaced Kerry Killinger as chief executive of the nation's largest savings and loan on Monday, adding him to the growing list of banking bosses ousted by their boards. Its shares sank almost 22 percent. ...more

September 9, 2008