The Latest Debt & Finance Blog

Rich and poor cheat on taxes

Something in Common: Wage Earners, Millionaires Cheat on Taxes

By Bill Fay | February 4, 2013

While Tax Day — April 15 — is still some months away, now is the time when people begin thinking about how and when they are going to file and…

FDA finances nursing home mortgages

FHA Steps in to Help Nursing Homes by Backing Mortgages

By Bill Fay | February 1, 2013

Attempts by nursing home operators to stay relevant and profitable in the constantly changing world of health care, received a boost from the Federal Housing Administration (FHA) last year. The…

SEO Chair Mary Jo White

Is the New Head of the SEC Dr. Jekyll or Ms. Hyde?

By Bill Fay | January 31, 2013

President Obama’s nominee to head the Securities and Exchange Commission (SEC), the government agency charged with regulating the nation’s stock exchanges and securities markets, is Mary Jo White. How White handles…

Social Security disability claims fall

Improving Economy Means Fewer People Seeking Disability Benefits

By Bill Fay | January 30, 2013

Applications and approvals for Social Security Disability Insurance (SSDI) were both down in 2012, which could be another small sign that the labor market continues to improve. There were 2.82…

Welcome Home Resumes helps veterans

Resume Website Helps Unemployed Veterans Get a Foot in the Door

By Bill Fay | January 29, 2013

Joe Corsino, like a lot of Americans, would see out-of-work veterans gathered in groups in city parks or panhandling with signs on downtown streets or even camping out at interstate…

psychology of debt

Researchers: Psychology of Debt Tells Us about Ourselves

By Bill Fay | January 28, 2013

Every year, American universities confer more than 3,000 Ph.D.s in psychology. Ever wonder what all those pointy headed academics do with their time? Well, most of their efforts go into…

Stock market rises

S&P Win Streak Longest Since 2004 as Stocks Keep Rising

By Bill Fay | January 25, 2013

The Standard and Poor’s Index rose 8.14 points Friday, continuing its longest winning streak since 2004 and capping a week of generally good news for the U.S. economy. The S&P…

Debt ceiling extended

Debt Ceiling Extended for Three Months; More Trouble Ahead

By Bill Fay | January 24, 2013

The House of Representatives put out one fiscal fire Wednesday, approving a measure to extend the Treasury Department’s borrowing authority to May 18, but there are more hot issues simmering…

What you should know about the debt ceiling

Five Things You Should Know About the Debt Ceiling

By Bill Fay | January 23, 2013

The debt ceiling is the latest self-inflicted crisis created by the federal government so that Democrats and Republicans can point fingers at each other. Here are five things to catch…

Big banks

Federal Reserve Banker: Time to Cut Megabanks Down to Size

By Bill Fay | January 23, 2013

Suppose you are a teenager. Suppose you are a rich teenager and one who is also spoiled and ill-behaved. Suppose you bend the rules continually, stretch the truth and put…