Interesting Personal Debt News Links (April 19, 2009)

April 19, 2009

* Loantovalue should be kept under control (Edward Hadas, The Daily Telegraph)

And if house prices start rising too rapidly, cut the maximum loan-to-value ratio say to 70pc. Such a prescription is rightly being considered by the G20 in response to the current crisis.

* Bernanke: financial innovation needs regulation (Martin Crutsinger, The Pantagraph)

Federal Reserve Chairman Ben Bernanke said Friday that financial innovation is good for the economy but should be properly regulated.

* Cal Neva foreclosure: no bids offered at Wednesday auctions (Annie Flanzraich, N Lake Tahoe Bonanza)

Nev. No bids were offered Wednesday in a pair of public foreclosure sales auctions regarding the Cal Neva Resort, Spa and Casino in Lake Tahoe.

* To Rent or Buy in 2009? (Sara Sutachan, California Real Estate)

Given recent changes in home prices and the current low mortgage rate climate, there have been significant gains in affordability for prospective first-time homeowners. Earlier in 2009, a provision in the Stimulus Bill provided for a first-time Homebuyer Tax Credit of 10 percent of the purchase price of the home up to $8,000. The CALIFORNIA ASSOCIATION OF REALTORS� analyzed the difference betw…

* How old is too old to work? (Kathleen Doheny, KPLC)

April 10 (HealthDay News) — Debate about the ideal age to retire has been going on for years. But with the U.S. economy in a dramatic slump, the flip side of that question — how old is too old to work? — has become uppermost in many people’s minds.

* Four job strategies for the class of 2009 (Anne Fisher, Money)

(Fortune) — Yes, it’s tough out there. If you’re getting ready to graduate, you’ve no doubt heard, and been thoroughly depressed by, the dire statistics: The National Association for Colleges and Employers has reported that campus hiring is down (after rising annually since 2003) by 22% this year, and many college career counselors say it’s worse than that, with on-campus recruiting v…

* Recovery programs offer treasure trove (Arleen Jacobius, Pensions & Investments)

Alternative investment managers are turning to Washington for some of their best portfolio opportunities.

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