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BofA exec just doesn’t get it

Bank of America CEO Kenneth Lewis decided to take the company's $50 million jet to New York to answer questions about the bonuses paid out to Merrill Lynch big wigs. According to news reports, he...

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The Stress Test Results Are In: Your Blood Pressure Is High

AP file photo: Yes, but can your bank survive this? The feds are expected to announce results of their stress tests of 19 giant banks, a few of which have a substantial presence at the Shore. Bank of...

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Get Me Re-Write

File photo of an energy efficient car, taken in 2005. I'm reading this AP story about Ford, Nissan and Tesla getting ready to receive loans from the federal government's $25 billion fund to develop...

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Homeowners Lost In Space

File photo: Is there a way out of this maze? It appears the government's strategy to convince investors to modify the mortgages of distressed home owners is to appeal to their conscience, their...

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Dwek: The Canary In The Economic Coal Mine

File photo by James W. Prado Roberts: A home once part of Solomon Dwek's holdings. Solomon Dwek's triumphant return to the spotlight last week was another reminder of the economy's fall from grace....

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Local Banks Show Economic Growth Still Miles Away

AP File photo: Paris Hilton celebrates the end of the recession. But it's probably a little too soon. This might be why I don't get invited to parties. Not to throw a wet blanket on the bull market and...

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So if 1 in 3 home buyers is turned down for a loan, is that a bad thing?

This annual government report on home loans tells us pretty much what we would expect -- lenders have gotten tighter with their money. The mortgage denial rate was about 32 percent in 2008, about the...

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Fed to banks: Ask before you take customers’ money

Press file photo: It's tough enough to stay afloat without being charged overdraft fees. The Federal Reserve is a lot of things: More powerful than a locomotive. Able to leap tall buildings in a single...

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Merry Christmas taxpayers! Here’s your money back!

Want to irritate a corporate executive? Call him to the White House for a lecture. (AP PHOTO) When you ask people what they think of all the corporate bailouts that the government launched with...

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