SubprimeMortgages

When Warren Buffett announced in August that he would spend $5 billion to snap up Bank of America shares, investors cheered. Surely this must mean that we've seen the end of the bad news from America's biggest bank, right? Wrong. So did the Oracle of Omaha blunder?

Bank of America did the right thing this week, nixing its notorious $5 a month debit card fee before it began. But B of A can't win, and even now, financial journalists are wondering how it will find ways to nickel and dime its way back from this week's fee retreat at the expense of its customers.

More than any other demographic, Latino homeowners were slammed by the mortgage crisis: Two-thirds of total Hispanic wealth in the U.S. evaporated from 2005 to 2009. But as the fastest growing demographic in the nation, they are also well positioned to power the housing rebound.

Goldman Sachs spent years buying hundreds of thousands of subprime mortgages during the real estate boom, packaging them into high-yield bonds. Now that the bottom has fallen out of the property market, the Wall Street behemoth finds itself in a different role: taking homes away from Americans...

The market mavens this morning are gnashing their collective teeth over the government's bailout of Bear Stearns (yes, that means you and me; look who took on the risk on the company's craptastic mortgage-backed assets). Many are caught between relishing the taste of just desserts for one of Wall...

Ken and Daria Dolan are widely known as America's First Family of Personal Finance. Can someone please tell us what happened to personal responsibility? The latest news from Washington is that some politicians are proposing that our hard-earned tax dollars be spent to bail out thousands upon...