Reviewing this Week’s Hard Truth about Money and Personal Finance

Wall Street Pushes Hurricane Ike to the Second Page 

This week has no doubt been a record-beater in the volume of money and finance news that has pushed its way to the front pages of print and electronic news publications.  The people still struggling with Hurricane Ike have been pushed to the second page.  Read more

The Two Personal Finance Lessons We Should Learn from the Demise of U.S. Investment Banks

Lehman Brothers Faces the Hard Truth

Lehman Brothers has been forced to face the hard truth.  It has filed bankruptcy and will be sold off for a small fraction of its book value of just six months ago.  Bear Stearns collapsed earlier this year.  Merrill Lynch has sold itself to Bank of America.  Other investment banks are on the brink but may survive.  Fannie Mae and Freddie Mac, although not investment banks per se, have been taken over for similar reasons.  Read more