My post yesterday about Congressional efforts to extend unemployment led me to a rather off-the-cuff comment about how efforts to reform unemployment have left those homeowners without a job to face the brutal foreclosure system. And the unemployed homeowners aren’t able to qualify for programs to modify their mortgages because they don’t have sufficient [...]

I put down my keyboard for a few days after the President signed the congressional legislation offering the nation credit card reform. The result has been a long vacation and four months of silence on this website. When I woke up this morning, I noticed a brief news story regarding consideration of the [...]

Citigroup, which has received $45 billion in capital from the TARP program, issued a “First Quarterly Progress Report on Its Use of Tarp Capital” today, according to the press release on its website. I’m pretty much rolling on the floor laughing over that headline, because it has me eagerly awaiting the second progress report. [...]

Last week, Hyundai began running a commercial that offered an incentive for those considering buying a car but were nervous about losing their job: if you lose your job within one year of buying a new car, they will let you return it with no penalty.  I thought it was a brilliant promotion in the [...]

Today was a busy day for economic news.  President-elect Barack Obama announced his economic stimulus plan, Wal-Mart decreased its earnings outlook after weaker than expected holiday sales, the Labor Department released data that almost half a million more Americans joined the unemployment line last week, and consumer borrowing fell a record $7.9 billion in November [...]