Under new rules, Fannie and Freddie won't try to collect "deficiency judgement," pursuing home owners for the remaining debt on houses they've walked away from. Sounds like a generous move. It's not.
Read more »
Photographer: David Calvert/Bloomberg
The tracks in the Nevada snow? Underwater homeowners walking away from their homes.
Five Years Late, Walkaways Get a $133 Break
Photographer Will Wintercross/Bloomberg News
Dangerous as they can be, prop traders weren't the gorillas who beat up Wall Street.
Prop Trading, the Bogeyman That Didn’t Take Down Wall Street
Is prop trading really the problem with Wall Street? Before you answer, try to recall what caused the collapse of Bear Stearns and Lehman Brothers Holdings during the financial crisis.
Read more »
Photo: Hasbro Inc.'s Monopoly: Here & Now edition. Hunter Public Relations via Bloomberg News.
Game theory sheds light on the fiscal cliff battle.
151 House Republicans Voted Against the Deal. Now They’ll Re-elect Boehner as Speaker. Huh?
151 House Republicans voted against the budget measure. A bona fide revolt against the leadership, or an ingenious feint? If John Boehner keeps him job, we'll have an indication that many of those 151 Republicans tacitly support the deal they...
Read more »
