As a former banker for nine years and having been on the front lines during the boom and bust of the real estate market, and then the overall economy, I believe the actions of the banks in the last year are in direct response to the new regulations and oversight being implemented. ...more

December 20, 2009

The auditor of Crocs Inc. says it has "substantial doubt" about the ability of the shoemaker to stay in business amid falling revenue. ...more

March 19, 2009

Realtors across the country have been advocating for a comprehensive stimulus package to reduce housing inventory, make mortgages more affordable and available, and help deserving families refinance or modify their loans so they can keep their home. The 650-plus members of the Heartland Association of Realtors and the Lake Placid Board of Realtors are committed to these goals and to getting something done immediately. ...more

February 8, 2009

The problem with these federal bailout bills is they are too complicated. There are too many moving parts, too many caveats, too many clauses which obscure a clear understanding of exactly how these billions spent will stimulate the economy. ...more

December 17, 2008

The U.S. government's recent decision to save banking giant Citigroup Inc. may ultimately be remembered as the last high-profile bank rescue in the great financial crisis of 2008, but that doesn't mean it's business as usual in global markets. ...more

November 28, 2008

Circuit City Stores filed for bankruptcy protection Monday, heading into the busy holiday season hoping the move will help the nation's second-biggest electronics retailer survive. ...more

November 11, 2008

General Motors is edging closer to running out of money, as slumping sales and deteriorating economic conditions drove the automaker to a larger-than-expected loss of $4.2 billion in the third quarter, excluding a one-time gain. ...more

November 8, 2008

Circuit City Stores Inc. said Monday it is pulling the plug on about 20 percent of its U.S. stores in an effort to return the nation's No. 2 consumer electronics retailer to profitabilit ...more

November 3, 2008

Recently, members of Congress acted to address the worst financial crisis America has faced in generations. While the decision may not have been popular, I felt it was necessary to help stabilize the economy and prevent the crisis from acutely affecting American families. ...more

October 7, 2008

Here's how President Bush could help a six-year-old understand the nation's financial situation. ...more

September 26, 2008