Were chief executives at financial firms caught in "a financial tsunami" beyond their control, or are they partly responsible for what happened?: A Tsunami of Excuses, by William Cohan, Commentary, NY Times: It's been a year since Bear Stearns collapsed, kicking off Wall Street’s mel...

Financial literacy workshop series helps college students master saving and control spending. Published in Wire Tap Magazine. (This story originally appeared on Black College Wire ) When he was 18, John Hope Bryant spent six months homeless. He lived in his car until he could find another place to l...

When the bank forecloses on someone's home, their credit is ruined and they run the risk of becoming homeless. The foreclosure also affects the whole community as empty houses fall into disrepair. Kansas City, Missouri has been hit hard by the financial crisis. Mary Rabon is a community organizer in...

Take-Two Interactive today announced its financial results for Q1 2009, ended January 31. The company's Q1 net revenue was $256.8 million, up a modest $16.4M over Q108's $240.4M. Its net loss for the quarter was $50.4 million, $12.4M worse than Q108's $38M. Sales of the Grand Theft Auto franchise ac...

People may be out of work, losing their homes, their retirement funds and their health insurance but from watching FOX News' Saturday business shows, it's easy to think that the only people in trouble are the wealthy who might see their tax rates rolled back to the Clinton era (you know, when we had...

BOSTON, MA (MARKET WIRE) Financial services firms need to work hard to regain the trust of their constituents, and effectively communicating the steps they are taking to address their difficulties will help restore confidence in their institutions, according to a new survey by BackBay Communications...

Casie's probably right, but given the state of the credit market these days, suicide seems to be an appropriate point of reference! In fact, I'd have doubled down. To wit:...

When I wrote of the bear trap last week, I meant that: a trap for the bears.  I must have written it poorly, since many of you interpreted it as a bull trap - a trap for the bulls.  A similar trap was sprung in Oct02, when Prechter believed in a much deeper fall that never came, and the ...

The Sheikh family signs papers to close on their first home. (Photo courtesy African Development Center) /*<![CDATA[*/var so = new SWFObject("http://minnesota.publicradio.org/www_publicradio/tools/media_player/s_player.swf", "minnesota/news/features/2009/03/02/islamicmortgage_20090...

I'm distressed as all hell by the fall in the stock market; but the decline, swift and sure as a sharp knife in its pain, has one benefit. It indicates powerfully that Obama's economic policies and his vision of a desirable political economy are economically counterproductive and irrational....