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Marshall & Ilsley Corp. is restricting cash bonuses for its executives in 2009 to fall in line with the terms of the federal bailout program.

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Random Feed wrote an interesting post today on
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I have long argued that home prices are elevated, and until they normalize, the economy will be stuck in the doldrums. I even wrote a chapter of Bailout Nation , titled “The Virtue of Foreclosure.” I make a basic economic argument that the excess credit of the 2001-07 era is unwinding, and foreclosures are part of that process. The simple premise is that the abdication of lending standards by both bank and nonbank lenders created an enormous credit bubble. Easy money drove home prices to u

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Random Feed wrote an interesting post today on
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Where has the Bailout Money Gone? Good Billions After Bad Vanity Fair by Donald L. Barlett and James B. Steele As the Bush administration waned, the Treasury shoveled more than a quarter of a trillion dollars in tarp funds into the financial system—without restrictions, accountability, or even common sense. The authors reveal how much of it ended up in the wrong hands, doing the opposite of what was needed. Just inside the entrance to the U.S. Treasury, on the other side of

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Random Feed wrote an interesting post today on
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“We’re still in trouble. And it’s now in the real economy. This is what is so frustrating. This is not Katrina. This is not a natural disaster. This was a man-made one. This was avoidable. This was preventable. What began with a problem with sub prime mortgages, which could have been corrected with some pain, clearly, but could have been corrected, has now cascaded into a problem that is affecting virtually millions of people’s lives, their homes, their jobs, their retirements. So that is the gr

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Random Feed wrote an interesting post today on
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by Linda Seamore As we begin 2009, the U.S. economy is in ruins. It has become, as a result, increasingly more important to protect your assets, as well as your identity. In order to make 2009 a better year for your money in these harsh economic times, here are some ideas and suggestions to get your financial health in line. 1. Understand the difference between wants and needs. Being financially stable depends on you being a responsible spender. For example, paying your mortgage is a need,

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