I received an interesting reader question last week about a scenario where you are very sure that you’re going to sell your house in a few years. In that case, would paying down your mortgage principal create an opportunity for a relatively high return with minimal risk? The e-mail: Your blog is ...

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Almost everyone has an story about the annoyance of overdraft fees. We all had cause to rejoice after reading Smithee’s recent post about banks backing off of overdraft fees. However, banks, being the business that they are, are already scheming for new ways to wring money out of us. An AP article on a local news site ...

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The Obama administration is trying to reclaim the debate on financial reform amid an aggressive push-back by banks who say the consumer-friendly proposal would add burdensome regulations and cripple their industry. In House testimony, Treasury Secretary Timothy Geithner is set to defend plans for a new agency dedicated solely to protecting consumers.» E-Mail This     » ...

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Because propping up failing banks is tough FDIC borrowing back from banks – coming soon! (Photo: Ryan McFarland) It would appear that the FDIC is in need of payday loan lenders these days. Maybe they’ll need something even stronger. But here’s a possible scenario that could be in store for the federal organization that has helped insure ...

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Six months after Bernard Madoff pleaded guilty to running a multibillion-dollar Ponzi scheme, six books have already been published about the scandal. Four came out just last month. They cover much of the same ground — with some exceptions.» E-Mail This     » Add to Del.icio.us Read more about Madoff Heads To Jail, And The Books Head ...

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