Is Nationalizing Banks and Mortgage Companies Risky?

Each new term we add to the lexicon of financial disaster is a scary next step into the unknown. Last fall, there was the bank bailout, then the Detroit bailout. Next came the stimulus plan and last week moved from federal loan modification plans to more negative foreclosure news and now the great mortgage bailout.  [...]

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Beware of Foreclosure Relief Fraud

As the foreclosure crisis continues to detriment many Americans, even more could now lose their homes due to a phony rescue loan company. Bill Whitaker reports on this mortgage relief scam from Woodland Hills, California.  California led the nation in home foreclosures last month and mortgage fraud specialists seem to be setting up shop all [...]

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