1. It seems wrong to just walk away from debts. What if your house value drops to $200,000, but you owe $300,000 on your mortgage? Should you just walk away? Laws in Canada make this difficult, but US law is different. Roger Lowenstein argues that Americans whose mortgages are under water should just walk away. Banks make decisions purely based on profit and loss calculations; why shouldn’t homeowners do this as well? By doing the “moral” thing, homeowners are putting themselves at a disadvantage in their dealings with banks.
2. Larry MacDonald is concerned about the direction Canada’s medical system is heading as doctors tend to work in clinics with increasing profit motive.
3. Mr. Cheap rants about the Toronto Transit Commission’s attempts to prevent people from stockpiling transit tokens before a price increase. He makes several good points, but it’s the amusing rant that kept me reading.
4. Canadian Capitalist shows that the so-called lost decade for stocks wasn’t a total loss for everyone.
5. Thicken My Wallet discusses an important negotiating tactic: stop talking. I know this as the “stop digging” rule.
6. Gail Vaz-Oxlade looks at what increased insurance premiums charged by CDIC and possibly CMHC say about the possibility a major banking failure.
7. Canadian Financial DIY offers a drastic solution for keeping people away from fraudulent investing schemes.
8. Big Cajun Man makes a case for de-cluttering your financial records.
9. Frugal Trader sets some aggressive financial goals for 2010.
10. Preet puts on his professor persona to explain a new competitor to the Fama French Three Factor Model of investment returns.