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Credit Crisis

Escaping the Sovereign Debt Trap: The Remarkable Model of the Commonwealth Bank of Australia

Ellen Brown | Posted 05.25.2011 | Politics
Ellen Brown

Nearly a century ago, the Commonwealth Bank of Australia demonstrated that banks do not actually need capital to make loans -- so long as their credit is backed by the government.

We Are Here: The State of the Economy

Max Fraad Wolff | Posted 05.25.2011 | Business
Max Fraad Wolff

Hostility to immigrants, government and each other tends to ebb and flow with economic fortune. Opportunity and prosperity are social ties that bind in good times and get frayed under tough economic conditions.

A New Spin on Bank Fraud: Banks Defrauding Their Investors, Auditors and Regulators, Which Also Helps Delinquent Mortgagees

Reggie Middleton | Posted 05.25.2011 | Business
Reggie Middleton

Last week, I made clear to my readers and subscribers that the bank malaise is not over, despite what may appear to be encouraging moves by the exec...

Shirley Sherrod: Beyond the Media Circus, Lessons for Economic Progress

David M. Abromowitz | Posted 05.25.2011 | Business
David M. Abromowitz

Many will take away from the Shirley Sherrod media incident merely that fact checking is vital when information is so easy to manipulate. But there are more important lessons to be learned.

DK Matai | Posted 05.25.2011 | Business
DK Matai

Editor's Note: This post has been removed from the Huffington Post....

Arthur Delaney

Alan Grayson Def Comedy Jam: Congressman Rails On Fed From House Floor, Demands Audit (VIDEO) | Arthur Delaney | Posted 05.25.2011 | Politics

Rep. Alan Grayson (D-Fla.) mocked the Federal Reserve in what is best described as a standup comedy routine on the floor of the House of Representativ...

Watch Out for the "Required" Minimum Payment

Jim Randel | Posted 05.25.2011 | Business
Jim Randel

We need increased consumer protection because not all companies issuing consumer products -- credit cards and mortgages being the best examples -- play by the rules.

Paul Krugman: Myths of Austerity | PAUL KRUGMAN | Posted 05.25.2011 | Business

When I was young and naïve, I believed that important people took positions based on careful consideration of the options. Now I know better. Much of...

The Business of Intuition

Laura Day | Posted 05.25.2011 | Business
Laura Day

Today's market requires that you use all of our skills to compete. It is an exciting challenge and one that creates a need to discover parts of yourself that in easier times, you overlooked.

The Next Crisis is Now

Edward Harrison | Posted 05.25.2011 | Business
Edward Harrison

William White, the former chief economist at the Bank of International Settlements (BIS) gave an important speech at George Soros' Inaugural Institute...

Out Of Money? Don't Call Your Folks

Huffington Post | Posted 05.25.2011 | College

Parents who spent their lives saving for their kids' educations are seeing their plans foiled by continued recession aftershocks -- and their college-...

Bogus Polls and Misinformation Fuel Unrest and Discontent

Michelle Kraus | Posted 05.25.2011 | Politics
Michelle Kraus

50% don't think President Obama deserves re-election 65% think most members of Congress don't deserve re-election 28% say they support anti-big govern...

JPMorgan Chase To Squeeze Credit Further In Response To New Consumer Protections

AP | EILEEN AJ CONNELLY | Posted 05.25.2011 | Business

NEW YORK — JPMorgan Chase & Co. expects its credit card income to drop by up to $750 million because of recent regulations – and a lot of ...

The Markets vs. Bernanke

Michael Pento | Posted 05.25.2011 | Business
Michael Pento

Who should investors listen to: the markets or the Fed? One says we are in for a double dip recession, the other just raised GDP forecasts.

Greece: How Bad Could it Get?

Dr. Philip Neches | Posted 05.25.2011 | Business
Dr. Philip Neches

Europe is learning that lesson. Perhaps instead of leading to the unraveling of the Euro and the EU, this crisis could solidify both.

Independent Financial Guidance Key to Making Americans "Financially Fit"

Gavin Newsom | Posted 05.25.2011 | Business
Gavin Newsom

Just as Americans started handing over their wrenches in the 1950s when their cars became too difficult to maintain, today they must turn to professional guidance to help take care of their accounts.

Shahien Nasiripour

Wall Street Vet Involved In 1998 Long-Term Capital Management Bailout Says Nothing Has Changed | Shahien Nasiripour | Posted 05.25.2011 | Business

Ten years before this latest crisis, the U.S. government engineered the bailout of a financial firm that had borrowed billions of dollars to make big ...

Five Ways the New Credit Card Laws Affect You

Jordan E. Goodman | Posted 11.17.2011 | Healthy Living
Jordan E. Goodman

Now that the Credit Card law has fully gone into effect, it's time for you to reevaluate your strategies about how you use your credit cards.

Hollywood Agrees, Consumers Need Protection

Tamara Conniff | Posted 05.25.2011 | Entertainment
Tamara Conniff

Elizabeth Warren warns that unless a consumer protection agency with real "teeth" is formed, Americans and small businesses will continue to be brought to their knees.

Growing Number of Candidates Campaign for State-Owned Banks

Ellen Brown | Posted 05.25.2011 | Politics
Ellen Brown

What's so special about North Dakota, a state with a surplus and the only state adding jobs? It's the only state that owns its own bank. It doesn't have to rely on Wall Street for credit.

Arthur Delaney

Credit-Card Protester Sticks It To Banks -- With Stickers | Arthur Delaney | Posted 05.25.2011 | Business

John Clinton Tuttle of Seattle, Wash. is waging guerrilla warfare against high interest rates and other depredations of the credit card industry. He's...

Jobs Report Shows Economy Headed in Right Direction

Rep. Carolyn Maloney | Posted 05.25.2011 | New York
Rep. Carolyn Maloney

The economy isn't yet adding jobs, but as President Obama has said: to get out of a hole, the first thing you have to do is to stop digging. Our country has stopped digging.

The Main Street Brigade

Mary Wald | Posted 05.25.2011 | Politics
Mary Wald

The Consumer Financial Protection Agency will limit the banks from using our accounts to take the kinds of unethical risks that led to the current crisis, preventing future financial meltdowns.

Consumer Empowerment 101: Financial Guidance Gives Families a More Stable Future

Janis Bowdler | Posted 05.25.2011 | Business
Janis Bowdler

While many agree that financial literacy may build awareness, it is unlikely, by itself, to help someone better navigate the fine print.

Regulators Shut Down Banks In 5 States

AP | MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON — Regulators shut down a big bank in California on Friday, along with two banks in Georgia and one each in Florida, Minnesota and Was...