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Financial Headlines
Thursday, November 19, 2009

Extending Unpopular TARP Considered

Sources close to the government said the Obama administration is leaning toward an extension of the $700 billion bailout fund, in part to pay down U.S. debt.

Homeowner

Scammers Prey on At-Risk Homeowners

Scammers prey on people who are about to lose their homes to foreclosure. They offer to help have their home loans modified, collect an upfront fee of up to $2,500 -- and then vanish into thin air.

Retirement Finance

Placement Firm Boss Earned Millions After CalPERS Investment

Alfred Villalobos, the controversial businessman at the heart of a pension fund corruption probe, earned some $9.6 million in fees after CalPERS invested hundreds of millions of dollars with a real estate firm with deep ties to downtown Sacramento.

College Finance

Wall Street Slump Hits College Funds

When it comes to Wall Street's 40 percent fall this year, the worries of some aging baby boomers extend beyond their 401(k) and IRA accounts. Americans had $101.7 billion invested in 529 college savings plans as of Sept. 30, down from $110.6 billion at the end of June, according to the College Savings Foundation.