When I started looking for a home, I wanted to look at foreclosures.  It seemed like an opportunity to find a great deal and would give us flexibility to fix things up with built-in equity. 
I quickly found the usual state of disrepair was enough to kill my interest.  Especially since these homes are always [...]

Is anyone else fooled by this?    The FASB gives more “lee-way” to banks in choosing what period to recognize their losses and all of a sudden every bank is profitable???    
For example, Goldman just posted $1.8 billion of revenue that is somewhat “unexpected” from its fixed income divisions.  
Wells Fargo had “unexpected gains” [...]

My perspective is skewed… Driving home from work yesterday, I heard an advertisement from a bank with a snippet like this… “Sterling Bank - with over $4.2 billion in assets and no subprime investments.”  
My initial reaction?  Man! Why would I want to give my money to an institution that wasn’t smart enough to make any [...]