Banks Still Coping With Credit Crisis

JPMorgan's announcement is troublesome for Wall Street. This does not bode well for next weeks's bank earnings, especially firms with a big retail presence like Citigroup, Bank of America and Wells Fargo.

Stossel on Homebuyer Credit Fraud Fox Business News

John Stossel says 500 kids appear to have applied for housing tax credits.

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Home Price Stabilization Key to Recovery

May 29 (Bloomberg) -- Nicolas Retsinas, director of housing studies at Harvard University, talks with Bloomberg's Deirdre Bolton about the need for home prices to stabilize before the U.S. housing market can begin to recover.

Retsinas also discusses housing data released this week and the implications of rising foreclosures. (Source: Bloomberg)