The New York Times recently ran an article called ?Seeking a Safer Way to Securitization? (Floyd Norris, Feb 6, 2010) that asked the fundamental quest...
The annual IMD World Competitiveness Scorecard came out in October for 2009. In this measure of worldwide competitiveness, or ?how nations and enter...
I started my career out of school with a postgraduate degree in space physics writing mission software systems for satellites for organizations that n...
As CEO of Dorado I travel constantly. These last few weeks have been very unique. What began as a single business meeting turned into a quest to und...
California began a 90-day moratorium on foreclosures this month. Gov. Schwarzenegger signed The California Foreclosure Prevention Act last February. ...
Most lenders have loan modification programs in place. Customers in trouble should be ecstatic. Foreclosures should be on the decline — right?
Doug ...
The market of home lending is rebuilding itself. I call it Mortgage 2.0. As people inside the mortgage lending market look forward towards rebuildin...
I read that Obama?s new CIO has a preference for SaaS and Cloud Computing [see me punching the air with my fist and yelling ?yes!?]. SaaS? time has c...
The last few times I’ve talked to a reporter, one of the first questions they ask is what I think of Treasury Secretary Timothy Geithner’s TARP II pla...
I had a conversation with a bank executive the other day, one of our new 2008 customers. He was telling me about the socialization of change within th...
Just about everything you'll hear coming out of Washington starting now is really about November's mid-term election. The gravitational pull of the mi...
In September 2008, as the worst of the financial crisis engulfed Wall Street, George W. Bush issued a warning: "This sucker could go down." Around the...
"Don't make the perfect the enemy of the better," says the President and congressional insiders when confronted with the sorry spectacle of a health-c...
The public option is dead, killed by a handful of senators from small states who are mostly bought off by Big Insurance and Big Pharma or intimidated ...
[AP] - Google Inc.'s methods for recommending websites are being reviewed by Texas' attorney general in an investigation spurred by complaints that th...
[AP] - The stock market had its first winning week in a month thanks to better news on the economy. The Dow Jones industrial average jumped 128 points...
[AP] - In the wake of a deep recession, Britons are indulging in some retail therapy with the click of a mouse button. As spending in malls and stores...
[AP] - Fantasy football means real business for restaurants, and some big chains have launched promotional drives to score with dedicated players of t...
[at MarketWatch] - In this week's Realty Q&A, a retiree says his only debt is his $94,000 mortgage, and he wonders whether he should tap his 401 to pa...
[AP] - A new Treasury Department program to give people without bank accounts faster access to their tax refunds will help some avoid costly short-ter...
[at MarketWatch] - Just when you thought it was safe to trust your credit-card issuer again, along come new warnings about how they might be scamming ...
[AP] - The latest in a tangled series of state and federal court decisions has halted New York state's plan to collect taxes on cigarettes sold by Nat...
[Investor's Business Daily] - Profits at financial institutions climbed the most in three years in the second quarter, but the list of bad banks also ...
[AP] - Months of perfect weather in northern New England have helped the region's tourism industry rebound from a dismal 2009, but consumers still war...
[AP] - Retail brokerage Charles Schwab Corp. said Monday it is buying Windward Investment Management Inc. for $150 million in stock and cash, expandin...
[at MarketWatch] - A growing number of homeowners are choosing to pay down their mortgages at a faster rate -- even if it means a substantial jump in ...
[AP] - Bank of America Corp. says its online banking service was down for about four hours but service has been restored. A representative for the nat...
Jose M. Berrospide and Rochelle M. Edge. The effect of bank capital on lending is a critical determinant of the linkage between financial conditions a...
Glenn Follette and Byron Lutz. We examine the effects of the economy on the government budget as well as the effects of the budget on the economy. Fi...
James A. Feigenbaum and Geng Li. We propose a novel approach to estimate household income uncertainty at various future horizons and characterize how ...
Seth B. Carpenter and Selva Demiralp. With the use of nontraditional policy tools, the level of reserve balances has risen significantly in the United...
Claudia R. Sahm, Matthew D. Shapiro, and Joel Slemrod. Recent fiscal policies have aimed to stimulate household spending. In 2008, most households re...
AuditWorks.com - Take the bull by the tail and face the situation
Martin Bodenstein, James Hebden, and Ricardo Nunes. When the nominal interest rate reaches its zero lower bound, credibility is crucial for conducting...
Luca Guerrieri, Dale Henderson, and Jinill Kim. Investment-specific technology (IST) shocks are often interpreted as multi-factor productivity (MFP) s...
Christopher Gust and David Lopez-Salido. We use a DSGE model that generates endogenous movements in risk premia to examine the positive and normative ...
Federico Mandelman and Andrei Zlate. We use data on border enforcement and macroeconomic indicators from the U.S. and Mexico to estimate a two-country...
Ceyhun Bora Durdu, Ricardo Nunes, and Horacio Sapriza. This paper builds a model of sovereign debt in which default risk, interest rates, and debt dep...
