Interesting Personal Debt News Links (April 23, 2009)

April 23, 2009

* False solutions and real problems (Thomas Sowell, Picayune Item)

Someone once said that Senator Hubert Humphrey, liberal icon of an earlier generation, had more solutions than there were problems.

* Man who died in TIA garage leap was boss of failed S&L (Josh Poltilove, WFLA)

Clearwater man who jumped to his death last week from the top floor of Tampa International Airport’s short-term parking garage was the former chairman of Silverado Banking Savings and Loan.

* BofA’s profit rise, but so do worries (Christina Rexrode, Independent Tribune)

Bank of America said Monday it made more money in the first quarter than it did in all of 2008, blowing away analysts’ predictions and the profits of every other bank so far. But even that couldn’t please investors, who believe that more bad news is on the horizon. The bank’s shares fell through the day, plunging 24 percent.

* Housing: Signs of Life (Christopher Palmeri, BusinessWeek)

Last year the Cape Coral area of Florida had the highest foreclosure rate in the country. Banks moved to seize more than 1 in 10 residential properties in the Gulf Coast community of 165,000. The reverberations are still being felt. Newly built McMansions sit vacant, dusty monuments to the great real estate boom. Smaller homes have been ransacked. Apartment buildings have been boarded up. Forme…

* Treasure Coast homeowners should be wary of mortgage modification scams (Nadia Vanderhoof, The Tribune)

In 2006, Mateo Avila signed loan papers for a $265,000 home in Port St. Lucie at the height of the housing boom.

* Tax Day Brings Out “Tea Party” Protesters (Brian Montopoli, CBS News)

Tax Day Brings Out “Tea Party” Protesters Protests Planned Across Country Against Government Taxation And Spending As Some Question Whether Movement Has Been Co-Opted

* Grand Tour of Europe? Nope, Grand Tour of Colleges (Beth. J. Harpaz, Independent Tribune)

Forget the Grand Tour of Europe. If your kid is in high school, your next family vacation � in fact, your next couple of family vacations � may well be the Grand Tour of Colleges.

* Newsweek: Finding a green economy job (Jon Meacham, Newsweek)

Loma Roggenkamp was looking for a new career. Saddled with a huge student-loan debt and an underpaying job in graphic design, the 29-year-old Pennsylvanian was forced to move home with her parents to make ends meet. Then she heard about Iowa Lakes Community College’s Wind Energy & Turbine Technology program, which trains students in wind-turbine operations. With a bachelor’s degree in science, …


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