Financial Doom - Current Best Sellers

Go ahead and read those apocalyptic books on the economy if you like a good scare. But be sure you recognize fiction when you see it.
By Jim Jubak
If fairy tales express our deepest fears, then investors must be on the verge of a psychotic breakdown.
The current crop of financial gloom-and-doom books carry titles such [...]

Foreclosures Hit All-Time High

Foreclosures hit all-time high
Over 900,000 borrowers are losing their homes, up 71% from a year ago, and a record number of home owners are behind on payments.

By Les Christie, CNNMoney.com staff writer
Last Updated: March 6, 2008: 2:25 PM EST

NEW YORK (CNNMoney.com) — More home owners than ever are losing the battle to make their [...]

The Empire of Debt

 
Money for nothing. Own a home for no money down. Do not pay for your appliances until 2012. This is the new American Dream, and for the last few years, millions have been giddily living it. Dead is the old version, the one historian James Truslow Adams introduced to the world as “that dream of [...]

Today’s Bankruptcy Law helps the Banks

  
The New Bankruptcy Law is protecting Banks and Lenders more than the Consumers.
CONGRESS REVISED THE nation’s bankruptcy laws under 2005’s Bankruptcy Abuse Prevention and Consumer Protection Act, effectively making it harder for individuals to claim insolvency. The reform was seen by critics as protecting banks and lenders more than the consumers the legislation’s title claimed to [...]