Personal Finance News
New York sues banks over electronic mortgage system
(Reuters)
Reuters - New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices.
NY's Schneiderman sues banks in foreclosure effort
(AP)
AP - New York's attorney general on Friday accused some of the nation's largest banks of deceit and fraud in using an electronic mortgage registry that he said puts homeowners at a disadvantage in foreclosures.
Goldman to face mortgage debt class-action lawsuit
(Reuters)
Reuters - Goldman Sachs Group Inc was ordered by a federal judge to face a securities class-action lawsuit accusing it of defrauding investors about a 2006 offering of securities backed by risky mortgage loans from a now-defunct lender.
If Japan Is Our Worst-Case Scenario, We're All Right
(The Motley Fool)
The Motley Fool - In 1991, former MIT dean Lester Thurow wrote that "If one looks at the last 20 years, Japan would have to be considered the betting favorite to win the economy honors of owning the 21st century."
Analysis: Obstacles high for more mortgage prosecutions
(Reuters)
Reuters - Despite the determination of President Obama to take Wall Street to court for the financial crisis, prosecutors face an uphill struggle to win more convictions like the two they scored on Wednesday against former Credit Suisse Group AG mortgage traders.
Cheapism: Chocolates for lovers on a budget
Lovebirds spend an average of $100 on gifts for their Valentine. Here's a way to make sure your sweetie gets some tasty sweets without breaking the bank.
Not tonight honey, the cable bill is due
In the real world, the weak economy has left far too many Americans fretting about getting their bills paid each month. But would you give up sex in exchange for having the bills paid?
David Bach: Get a financial planner soon
Today Money financial expert David Bach joined us for a live Web chat Wednesday to answer your questions.
Cheat away on taxes, more Americans say
The percentage of people who say you should cheat on your income taxes “as much as possible” hit 8 percent in 2011, double what it was in 2010.
Frequent flier miles taxable? Citibank says so
Frequent flier miles aren't so enticing when they're taxable. That may be the sentiment among Citibank customers who are receiving 1099 tax forms from the bank to report their frequent flier miles.