Economy

Brokers bad for your (subprime) financial health?

April 9, 2008 - In an example of the kind of pace-setting research that has made them the most useful resource on the subprime lending crisis, the Center for Responsible Lending released an important report today (pdf) on the role brokers play in loans to borrowers with lowe

Black America is in a permanent recession

March 6, 2008 - Pundits are working themselves into a dither about whether the U.S. is or isn't officially "in a recession." But for at least one segment of the country, the question is settled: African-Americans are deep in recession, and have been for a while.

What to do when state finances turn gloomy

February 19, 2008 - Homeowners and credit card consumers aren't the only ones drowning in debt. A new analysis by the Center for Budget and Policy Priorities warns that 20 states are facing a combined budget shortfall of $35 billion in 2009, and eight more are expected to have problems.

Tennessee leads the nation in bankruptcy

By R. Neal
January 31, 2008 - According to a new report by the National Bankruptcy Research Center, Tennessee, Georgia, and Alabama have the top three highest bankruptcy rates in the nation. Arkansas, Mississippi, and Kentucky round out the top ten.

Local governments make run on Florida investment fund

By R. Neal
November 30, 2007 - Citing concerns about investments in sub-prime mortgage backed securities, Florida local governments have withdrawn billions of dollars from a State of Florida investment fund, including withdrawals of $3.5 billion in one day. The run on the State Board of Administration operated Local Government Investment Pool has resulted in a freeze on withdrawals from the fund.