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Wharton Professor Cautions FHA May Need A Bailout

The Federal Housing Administration issues its annual report to Congress Tueday. A professor at the University of Pennsylvania's Wharton School is warning the FHA's problems are worse than the agency is letting on. Joseph Gyourko predicts that taxpayers will have to provide another bailout if the economy doesn't improve soon.
NPR

Austrian School Economist Hayek Finds New Fans

Austrian economist Friedrich Hayek's arguments for free-market capitalism and against socialism and central planning made him a popular figure in 1940s America — and again today. His book got a boost last year when Glenn Beck discussed it on air. But some say Hayek and his book are misunderstood.
NPR

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.

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