Monday, January 14, 2008

Yahoo - "States Probe Banks' Role in Risky Loans" (1-12-08)

"Authorities in New York and Connecticut are investigating whether Wall Street banks hid crucial information about high-risk loans bundled into securities that were sold to investors, Connecticut's Attorney General said Saturday."

Washington Post - "Stretching Old Formulas Can Take You to the Edge" (1-13-08)

"For most people, a home is the most expensive purchase they will ever make. Figuring out how much they should spend can be overwhelming. Online calculators can give a ballpark idea of how much you can afford, but you shouldn't rely on them to make your final decision, said Paul Cocozza, a certified financial planner in Arlington. 'To me, that's taking too much of a shortcut for such a large commitment.'"

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