Houston, Seattle and Atlanta all saw double-digit jumps in foreclosures in 2010. Meanwhile, sales of multimillion-dollar homes are on the rise, at least in one metro area. See those stories, plus a look at some of the most valuable tax deductions, in today’s Personal Finance Daily.

The Angelides commission reports that failures by government and banks led to the Great Recession, but we’re in danger of forgetting those lessons already, writes Rex Nutting.

The financial and economic crisis that shook the economy to the brink in September 2008 was caused by toxic failures of ‘30 years of deregulation’ and a blind banking industry eager to trade in toxic subprime mortgages, according to the conclusions of a federal fact-finding panel.