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Personal finance from around the Web:
- Spirit Airlines CEO Ben Baldanza explains the rationale behind charging for checked bags. He says Spirit's business model is fundamentally "customer friendly." [Elliot]
- Home owners apparently were not the only ones caught off guard when home prices began to fall as the housing bubble burst. Former Fannie Mae executives tell Congress that plummeting prices consistently surprised them as well. [Associated Press]
- Are cruise ship nuptials the new destination weddings? The cruise industry has seen a 60% increase in couples tying the knot on board as they look for ways to trim wedding and honeymoon costs. [The New York Times]
- Individual investors are not investing in stocks for retirement like they used to, says Wall Street veteran Muriel Siebert. She doesn't think they'll return until they see further regulation of the global securities market. [CNBC.com]
- One blogger makes an interesting argument that consumers and banks should forget about mortgages and try joint equity transactions to finance home purchases. [Weakonomics]