Monday, February 21, 2011 10:00 am
By Gregg Fields · Bankrate.com

If government studies had background music, the recent report on mortgage reform would have us all humming Stephen Sondheim’s “Send in the Clowns.” Officially called “Reforming America’s Housing Finance Market,” it might casually be dubbed “The Treatise That Kicked the Hornet’s Nest.” The report’s main point: Washington must wind down its involvement in mortgage giants

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Monday, February 14, 2011 10:56 am
By Gregg Fields · Bankrate.com

In the old Andy Griffith Show, bumbling deputy Barney Fife kept his power in his breast pocket — a bullet rarely put in his pistol. Kindly put, he had a problem with misfires. Citizens of the all-American town of Mayberry found it unsettling. It’s mindful of the money Corporate America’s been hoarding by the hordes.

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Monday, February 7, 2011 10:02 am
By Gregg Fields · Bankrate.com

It was hard to escape the word ”super” last week. How could we, with nonstop Super Bowl coverage kicking off two weeks before the actual Packers-Steelers game did? However, to the relief of nonfootball fans, the term wasn’t always referencing the looming championship match (appropriately Roman-numeraled, given the sport’s gladiatorial allure). Rather, pundits were describing

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Monday, January 31, 2011 10:09 am
By Gregg Fields · Bankrate.com

President Barack Obama seemed almost like a man obsessed during his State of the Union address. “We do big things,” he told the nation and the world. It was reminiscent of the morning-in-America optimism of President Ronald Reagan. Reagan, of course, was equally oratorically gifted. And coincidentally, he also spent his freshman and sophomore years

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Monday, January 24, 2011 11:20 am
By Gregg Fields · Bankrate.com

As a die-hard Jimmy Buffett fan, just the sound of “jobless prosperity” resonates. It conjures images of a lazy day in Margaritaville. Somebody grab the salt and the limes. Unfortunately, there’s apparently no such thing as a free liquid lunch. The term “jobless prosperity” is indeed being used a lot lately. It refers not to

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Monday, January 10, 2011 9:30 am
By Gregg Fields · Bankrate.com

And so the holiday season ended for millions of Americans, clinking champagne flutes and slurring their way through a rousing rendition of “Auld Lang Syne.” Considering the economic news of last week, perhaps 2011 should have been greeted with a different theme song. The Knack’s 1979 hit ”Frustrated” seems particularly appropriate. Because in the first

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Monday, December 20, 2010 11:46 am
By Gregg Fields · Bankrate.com

It’s hard not to notice that feeling in the air, a sense of goodwill, the certainty that a glorious time has finally arrived. Yes, if the experts are to be believed, the recovery is about to begin in earnest. None of that wimpy “The recession officially ended in March 2009” sentiment, either. Last week, the

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Tuesday, December 14, 2010 9:47 am
By Gregg Fields · Bankrate.com

Following the legislative process in Washington can be quite taxing. Particularly when the subject is taxes. In the last week there have been hundreds, perhaps thousands, of articles written about whether tax cuts enacted during the George W. Bush administration would be extended. This much is clear: It is possible to have read each of

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Monday, December 6, 2010 12:18 pm
By Gregg Fields · Bankrate.com

Maybe the problem isn’t that there aren’t enough jobs. Perhaps there are simply too many people. How else do you explain the economic trends reported last week? Let’s review a few economic stats real quickly: Friday-after-Thanksgiving retail sales: solidly in the black. Cyber Monday: out of this world. Economic growth: inflating like a balloon in

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Monday, November 22, 2010 10:13 am
By Gregg Fields · Bankrate.com

It was a week of sad Irish lullabies. But there was no mistaking that joyful Motown sound. First, let’s visit Ireland. The Emerald Isle that just a few years ago was living in clover — boosters nicknamed it the Celtic Tiger — last week was in the humiliating position of fighting off a force-fed international

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