Latest Default Stories

2011-12-03 11:24:45

Is there a psychological reason why people default on their mortgages? A new study, which will be published in an upcoming issue of Psychological Science, a journal of the Association for Psychological Science, finds that people with bad credit scores are more impatient — more likely to choose immediate rewards rather than wait for a larger reward later. The new paper is by two economists who were working at the Federal Reserve´s Center for Behavioral Economics and...

2011-08-15 16:23:00

WASHINGTON, Aug. 15, 2011 /PRNewswire-USNewswire/ -- The following was released today by the Democratic National Committee: (Logo: http://photos.prnewswire.com/prnh/20100929/DNCLOGO) Add Rick Perry's extreme voice to the Republican chorus proudly stating that they would not have supported the bipartisan debt agreement that prevented our country from defaulting on its debt for the first time in history. Rick Perry joins the choir of Tea Party Republicans in agreement that the prospect of...

2011-07-14 19:55:00

TORONTO, July 14, 2011 /PRNewswire/ -- Standard & Poor's has placed its 'AAA' long-term and 'A-1+' short-term sovereign credit ratings on the United States of America on CreditWatch with negative implications. Standard & Poor's uses CreditWatch to indicate a substantial likelihood of it taking a rating action within the next 90 days, or in response to events presenting significant uncertainty to the creditworthiness of an issuer. Today's CreditWatch placement signals our view...

Word of the Day
  • A 'bachelor seal'; a young male seal which is prevented from mating by its herd's older males (mated bulls defending their territory).
This comes from the Russian word for 'bachelors.'