financialcrisis

The results of the buzzworthy Bank Stress Test, released Thursday at 5 p.m. Eastern, say 10 out of the 19 biggest U.S. financial institutions need a combined $75 billion to stay afloat through the financial downturn. My bank, Bank of America, was found to need the most cash -- almost $40 billion....

Whenever I hear stories about multiple generations living under one roof, I wonder how people don't wind up killing one another. My worries are heightened because of the recession.According to USA Today, increasing numbers of people are living together out of economic necessity."Nearly 3.5 million...

Pardon me if I don't feel sorry for the executives who aren't getting bonuses after they required taxpayer money to keep them afloat. How heartless of me. But something in me says that wealthy CEOs who run their companies into the ground and need to pick my pocket to stay in business shouldn't be...

Ken and Daria Dolan, America's First Family of Personal Finance, answer your money questions every Friday. Click here to ask Ken and Daria your question. With the presidential election just days away, you would think we'd be hearing about some real solutions to the unprecedented challenges facing...

The short answer to the question, should I worry about the market meltdown? Yes. And, duh.The long answer: In many ways, I'm lucky. Having been mired in debt since graduating from college in 1992 and embarking on the rewarding (but not necessarily lucrative) profession of writing, I haven't had...

The U.S. government passed a $700 billion economic bailout package in an effort to stabilize the flailing banking sector. So far, it hasn't worked as hoped and the financial crisis has deepened since the law was approved. That's the bad news.The good news is that there is a lot more than help for...

It's a credit crunch. A meltdown. A financial crisis! A banking collapse! While we're all panicking, what should we do? While Tracy Coenen points out that the credit crunch is overstated, I have to agree with Julie Tilsner, who suggests banning credit cards. But my plan goes even further: I don't...