Over the past few days, most of the large Wall Street firms have filed their 10-Ks for 2007, which was kinder to some, including Goldman Sachs (GS) and less so to others, like Morgan Stanley (MS). So we wondered how often and to what extent the various firms would blame their woes on the subprime [...]

For many people, this is the first day back to work after 12 days off. And given that it’s the first real work day of the year, it’s also a time for various performance reviews, like this one that my friend (and fellow blogger) Barry Ritholtz tackles here and various predictions.
With that in mind, I [...]

Over the holidays, the Associated Press reported on just how serious delinquent credit card debt had become. Here’s a snippet:
The value of credit card accounts at least 30 days late jumped 26 percent to $17.3 billion in October from a year earlier at 17 large credit card trusts examined by the AP…At the same time, [...]

Yesterday, as most people already know, President Bush announced a program designed to stem the rising rate of foreclosures.
By coincidence, yesterday was also the day that I (well, Mr. Footnoted) received this letter (pdf) from Countrywide (CFC), a company at the heart of the current crisis, offering us a “lower, more affordable monthly mortgage payment [...]

A few weeks ago, my passport arrived in the mail. Not the one that gets me into other countries, but the one from Chico’s (CHS), which offers me a 5% discount for the rest of my life. At the time I thought it was odd, since I was never a big Chico’s shopper, and especially [...]