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In Frankfurt, Former Trader Prepared For The Wurst

A Frankfurt stock trader who lost his job in the 2008 recession is working again in the city's financial district — running a successful business selling sausages to his former colleagues. Thomas Brausse says getting the pink slip enabled him to try out an idea he'd been thinking about for years.
NPR

After Banks' Mistakes, Homeowners Pick Up Pieces

One family submitted necessary paperwork for a loan modification to Bank of America but was told it wouldn't qualify — until a letter arrived recently that admitted the bank had made a mistake. Regulators are now trying to address the problem on a large scale.
NPR

New York May Become Newest Bike-Sharing Mecca

New Yorkers spent part of this fall pedaling demo versions of a new bike that may become as common as the city's yellow cabs. The city has chosen an Oregon company to set up a fleet of 10,000 rental bikes.
NPR

Police Clear Occupy Oakland Site

Oakland police met little resistance Monday morning as they dismantled the Occupy Oakland campsite in the center of the city.
NPR

A Look At Mortgage Rates And Credit

Guy Raz interviews UCLA finance professor Stuart Gabriel. Gabriel talks about how fixed mortgage interest rates have hit a historic low, but it's harder for homeowners to qualify. He says credit is cheap and tight — two things we never used to see. He explains what has happened to cause interest rates to plunge while underwriting has tightened.

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