Can your Mortgage be your Savings Account? Posted By : rateempire
It is becoming increasingly popular to use a mortgage in lieu of a low-interest savings account. Is this a good idea?

Dow up 38 despite economic woes
Layoffs and grim forecasts knock down a strong open for stocks. Caterpillar will chop 20,000 jobs and lowers its 2009 forecast. McDonald’s beats Street estimates. Standard & Poor’s reaffirms GE’s AAA rating.

Don’t Let Rates Get You, Lock It Posted By : rateempire
When interest rates begin to go up on mortgages, having your rate locked in can really protect you until closing.

Chrysler Strike Deadline Nears Posted By : buggsbunny
The United Auto Workers' 11 a.m. EDT strike deadline loomed over continuing labor-contract talks between the union and Chrysler on Wednesday morning.

Tough times for porn, booze
Even sin isn’t secure anymore. Gambling, sex, cigarettes and alcohol are among the supposedly recession-proof businesses hit hard by the economic downturn.

How to win the credit-score game
As lenders tighten credit requirements, getting a good interest rate — or a loan at all — requires that you understand how the scoring system works.

Google, energy shares lead market higher
Weakness in General Electric weighs on the Dow, but techs and gains in energy and gold stocks give the market a boost. Eleven Dow stocks report next week, and the Federal Reserve will meet on interest rates. Exxon Mobil is 5% of the S&P 500.

Managerial Incentives and Corporate Fraud: The Sources of Incentives Matter

Operating performance and stock return results imply that managers who commit fraud anticipate large stock price declines if they were to report truthfully, which would cause greater losses for managerial stockholdings than for options because of differences in convexity. Fraud firms have significantly greater incentives from unrestricted stockholdings than control firms do, and unrestricted stockholdings are their largest incentive source. Our results emphasize the importance of the shape and vesting status of incentive payoffs in providing incentives to commit fraud. Fraud firms also have characteristics that suggest a lower likelihood of fraud detection, which implies lower expected costs of fraud.